What Is the Primary Scope of the EU’s Markets in Crypto-Assets (MiCA) Regulation?
MiCA is a comprehensive regulatory framework for crypto-assets that aims to harmonize rules across the European Union. Its scope covers the issuance and public offering of all crypto-assets, except those already classified as existing financial instruments.
It also regulates crypto-asset service providers (CASPs), imposing requirements on governance, capital, and market conduct. A key focus is investor protection and preventing market abuse, including front-running.