EDFA Position on MiCA

European Digital Finance Association welcomes the European Commission plan to regulate markets in crypto-assets as customers require an adequate level of protection and market players expect legal certainty across the EU, which is essential for the next stage of DLT applications. The proposal however contains some definitions and measures that would create an unnecessary regulatory burden not conferred upon any other technology. This would impede the implementation of DLT in Europe and force the most innovative companies and projects out of the European Union. Read our position and proposal for amendments.