Law Firm specialized in the MiCa Proposal

Cryptoassets are one of the main applications of blockchain technology in finance. The new regulation proposed by the European Union is due to the fact that a relatively new subtype of cryptoasset, stable cryptocurrencies, has recently emerged, an aspect that has attracted the attention of the public and regulators.

However, although the cryptocurrency market can still be considered modest, with the advent of stable global cryptocurrencies, financial stability could change by incorporating features that would stabilize their value and take advantage of network effects derived from the companies that promote these assets. Therefore, in order to answer these questions and with the aim of creating an EU framework that makes cryptoasset markets possible, the tokenization of traditional financial assets and a more widespread use of TRD in financial services, this new regulation is presented, which aims to be fundamental, so we will break down below why it arises in more detail and its main features.