The European Union (EU) Commission has officially initiated a re-evaluation process for the EU's crypto-asset regulation (MiCA), The Block reported. The EU is conducting this process to assess the suitability of the current MiCA framework in response to changes in the digital asset market and the restructuring of the global regulatory environment, and will collect feedback from individuals and industry stakeholders until August 31 (local time). The review scope includes regulations related to crypto-asset issuers, asset-referenced tokens (ART), e-money tokens (EMT), and crypto-asset service providers (CASP).
