MiCA Phase 1 (ART/EMT) enters into force event
Overview
The EU's Markets in Crypto-Assets Regulation (MiCA) entered into force on 29 June 2023 with a phased application timetable. Its first application phase — Titles III and IV, covering asset-referenced tokens (ARTs) and e-money tokens (EMTs), i.e. stablecoins — became applicable on 30 June 2024. From that date, issuers needed authorisation to publicly offer or seek trading of ARTs or EMTs in the EU, with no general transitional period for the stablecoin regime.
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Frequently asked questions
What took effect on 30 June 2024?
MiCA's Titles III and IV, the rules governing asset-referenced tokens and e-money tokens — the stablecoin regime.
When did MiCA enter into force?
29 June 2023, with a phased rollout of its substantive obligations.
Did stablecoin issuers get a transitional period?
No general transitional period applied to the ART/EMT authorisation requirement, unlike the later crypto-asset service provider regime.
Sources
Facts on this page were verified against the following sources.