EU Targets MiCA Overhaul for Non-EU Stablecoin Issuers by 2027
The post EU Targets MiCA Overhaul for Non-EU Stablecoin Issuers by 2027 appeared on BitcoinEthereumNews.com. MICA News The European Union is preparing to overhaul its Markets in Crypto-Assets (MiCA) framework, with officials expected to weigh substantial revisions from 2027 in direct response to the newly enacted U.S. GENIUS Act. The central question driving the review is how non-EU companies issuing stablecoins should be treated under the bloc’s rules, an issue that gained urgency after Washington created a federal pathway for dollar-pegged tokens. Policymakers want to give U.S.-based issuers clearer legal footing to operate across the 27 member states, while closing gaps the current text leaves open on cross-border stablecoin activity and foreign licensing standards. Even with the framework only just fully in force, the European Commission has already opened a public consultation on updates that industry participants call MiCA 2.0. The comment period runs until August 31 and invites