By sdatoken on Skatehive
The Chairman of the Cyprus Securities and Exchange Commission (CySEC), Dr. George Theocharides, confirmed today that the Markets in Crypto-Assets Regulation (MiCA) is already delivering tangible benefits across the European Union. In an article first published in Eurofi magazine, Theocharides described MiCA as a "structural shift" for the EU crypto-asset market — a sector that once operated largely outside harmonised regulatory frameworks is now subject to common rules, authorisation requirements, and supervisory oversight. "This transition is already generating tangible benefits, notably through enhanced legal certainty and regulatory clarity for firms and users." — Dr. George Theocharides, CySEC Chairman Key takeaways: Legal certainty: MiCA introduces clear classifications for crypto-assets (ARTs, EMTs, and others) with a harmonised compliance baseline across member states Investor protection: Stricter authorisation requirements for service providers covering governance, internal con