The regulation “Markets in Crypto Assets” (MiCA) officially came into effect on July 1, 2024, and introduced new legislative standards in the European Union for euro-backed stablecoins and foreign ones like USD coin.
The new law is viewed favorably by institutional investors as it aims to clean up the crypto sector from illicit or non-transparent activities.
Thanks to its advent, stablecoin in Europe now have the opportunity to be reborn and can support a significant increase in their demand.
Let’s see everything in detail below.
