The new EU regulation “MiCA” for cryptocurrencies: a major breakthrough?

Produced by Frankfurt School Blockchain Center

Panelists: Prof. Dr. Philipp Sandner, Frankfurt School Blockchain Center; Robert Kopitsch, Blockchain for Europe; Alireza Siadat, Annerton; Simon Seiter, Deutsche Börse; Lee A. Schneider, block.one

The European Union seems to have made considerable progress in developing a comprehensive regulation for the digital finance industry. A new regulatory framework aims to further promote the potential of digital finance in terms of innovation and competition while reducing risks. A quick look at “The Proposal for A Regulation of the European Parliament and of the Council on Markets in Crypto-Assets (MiCA)” indicates that urgently needed changes in relation to crypto assets are approaching. The draft sets out several objectives, including: Creation of legal certainty in dealing with crypto assets Promotion of innovation in the crypto market Creation of adequate consumer and investor protection Ensuring financial stability against the background of stablecoins It can be assumed that Libra in particular has provided the impetus to accelerate and systematize regulation. And yet it is surprising that the cryptocurrency sector, which is still of little economic significance today, is subject to such comprehensive and detailed regulation. The panel discussion will focus on the scope and consequences of the regulation from different perspectives.

About the Frankfurt School Blockchain Center

The Frankfurt School Blockchain Center (FSBC) is a think tank and research center primarily focusing on the implications of blockchain technology for companies and businesses. In addition to the development of blockchain prototypes, the center offers a platform for the exchange of knowledge and thought for decision-makers and startups as well as technology and industry experts. The FSBC sets new research impulses and develops education programs for students and executives. The center concentrates primarily on the areas of banking, energy, mobility, and the manufacturing industry.

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