Cryptocurrency industry and stablecoins face uncertainty as EU MiCA deadline approaches at the end of the month

Odaily News The EU Crypto-Asset Market Regulation (MiCA) will be implemented in stages, with June 30 as a key deadline. Some regulations applicable to stablecoins are being gradually implemented. Existing stablecoin issuers must adjust their operations from the June 30 deadline to comply with certain MiCA requirements, but the most stringent requirements (such as capital and reserve obligations) will take full effect later, ensuring that existing businesses have a transition period to adapt. Stablecoin issuers that operate outside the EU but provide services to EU residents also need to comply with MiCA regulations. (Theblock)