EU Plans to Expand MiCA Regulatory Scope to Cover Tokenization and Non-EU Stablecoin Issuers

Odaily Odaily reports that the European Union is considering amendments to its Markets in Crypto-Assets Regulation (MiCA). The European Commission is soliciting feedback from relevant stakeholders, with the deadline set for September 30. According to multiple sources familiar with the matter, the Commission is evaluating whether to broaden MiCA's regulatory scope to encompass emerging areas such as tokenization and non-EU stablecoin issuers. MiCA officially came into effect in December 2024, with most service providers granted a transition period to complete compliance adjustments, which lasts until July 1 of this year. (The Block)