Markets in Crypto-Assets (MiCA) Regulation Explained

MiCA is designed to regulate crypto-assets that fall outside the scope of existing financial services legislation. Its key provisions encompass various aspects of issuing and trading crypto-assets, including asset-reference tokens and e-money tokens. The regulation emphasizes the importance of transparency, disclosure, authorization, and transaction supervision to ensure the integrity and reliability of the market.

One of the pivotal aspects of MiCA is its strict measures against market abuse in any crypto-asset transaction or service. It aims to curb unlawful activities such as insider trading, unauthorized disclosure of inside information, and actions that can potentially disrupt or manipulate the crypto-asset market. By instating these rules, MiCA strives to create an environment that is conducive to fair and transparent practices within the industry.

In a time when the crypto-asset industry is rife with uncertainty, MiCA will fortify investor protection, prevent misuse of crypto-assets, maintain financial stability, and safeguard against market abuse and manipulation.

If you would like to know more about the regulation and what it entails, watch this on-demand webinar with Mark Browne, Partner at Clerkin Lynch LLP. Watch it now!