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RegulationsMay 10 2023

MiCA: what does it mean for banks?

The new regulation indicates increasing market maturity and creates a higher bar for compliance, levelling the playing field. Bill Lumley reports.
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MiCA: what does it mean for banks?Image: Getty Images

While bitcoin and its ilk are hardly new kids on the block anymore, it remains the case that much of the activity surrounding crypto assets continues to happen within a legal grey area.

Within the EU at least, however, that all looks set to change. Last month, the European Parliament approved perhaps the most significant regulatory framework yet seen for governing crypto, with its markets in crypto assets (MiCA) rules.

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