EU expands MiCA regulatory scope to cover tokenized assets and non-EU stablecoin issuers, with September 30 feedback deadline.
DeFi & Yields ·
The European Commission is soliciting public feedback through September 30 on proposals to expand MiCA's regulatory scope to encompass tokenized assets and stablecoin issuers based outside the EU, according to reporting on the initiative. The expansion would broaden the Markets in Crypto-Assets Regulation beyond its current framework, which entered its enforcement phase after a grandfathering period concluded on July 1.
The regulatory expansion reflects the EU's intent to deepen oversight of the crypto ecosystem by capturing a wider range of tokenized products and establishing rules for non-resident stablecoin issuers operating within its jurisdiction. This move would likely increase compliance obligations for platforms and asset issuers serving EU users, as new asset categories and issuer types would fall under MiCA's existing ruleset for capital requirements, operational standards, and consumer protections.
The feedback period ending September 30 will shape the final scope of the expansion, meaning the precise definition of which tokenized assets qualify and how non-EU issuers will be required to comply remain under consultation. The timeline and implementation mechanism for any broadened rules have not yet been detailed.