European Union jurisdiction
Overview
The European Union (EU) is a political and economic union of European member states, established to promote peace, stability, and cooperation through shared institutions, laws, and policies. It operates a single market with free movement of goods, services, capital, and people, and maintains a common currency (the euro) adopted by a subset of members. The EU is a supranational jurisdiction that enacts binding regulations directly applicable to its member states. Its landmark Markets in Crypto-Assets (MiCA) Regulation is now fully in force: the stablecoin rules for asset-referenced and e-money tokens applied from 30 June 2024, and the crypto-asset service provider (CASP) regime from 30 December 2024.
Within the DeFi Intel graph, European Union connects to 8 tracked entities, most strongly to EU Markets in Crypto-Assets Regulation, European Securities and Markets Authority, MiCA E-Money Token regime.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 8 of 8 total).
| Relation | Connected entity | Confidence |
|---|---|---|
enacted | EU Markets in Crypto-Assets Regulation | 99% |
has_regulator | European Securities and Markets Authority | 99% |
enacted | MiCA E-Money Token regime | 95% |
enacted | MiCA Asset-Referenced Token regime | 95% |
enacted | DORA | 95% |
enacted | EU Transfer of Funds Regulation (2023) | 95% |
regulates | Binance | 80% |
regulates | Kraken | 80% |
Frequently asked questions
What is the European Union?
The European Union (EU) is a political and economic union of European member states, established to promote peace, stability, and cooperation through shared institutions, laws, and policies. It operates a single market with free movement of goods, services, capital, and people, and maintains a common currency (the euro) adopted by a subset of members.
What regulations does the European Union govern?
The European Union governs the EU Markets in Crypto-Assets Regulation and the European Securities and Markets Authority. It also applies to the MiCA E-Money Token regime, MiCA Asset-Referenced Token regime, Dora, and the EU TFR (2023).
Which crypto exchanges are governed by the European Union?
The European Union governs Binance and Kraken.