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The markets in crypto assets regulation: What should firms be doing now?
Journal of Financial Compliance,
7
(4),
302-327
(2024)
Abstract
The Markets in Crypto Assets Regulation (MiCA) aims1 to create a harmonised regulatory framework for crypto assets in the EU. MiCA will provide legal clarity and certainty for developing and using crypto assets and distributive ledger technology in financial services while ensuring high consumer and investor protection and market integrity. MiCA will establish a harmonised pan-EU regime for crypto assets, bringing unregulated crypto assets outside the regulatory perimeter into scope.
Keywords: digital assets; crypto assets; MiCA; distributive ledger technology; smart digital contract; asset reference tokens; e-money tokens; crypto asset service providers; White Papers
The full article is available to subscribers to the journal.
Author's Biography
James Ross is a highly versatile and professionally qualified industry award-winning regulatory and risk practitioner with over two decades of experience within the financial service sector, including the areas of digital assets, banks, payments, investment banks, capital markets, asset management, insurance, reinsurance and as a regulator. Throughout his career, James has worked extensively in all fields of regulation and risk at a senior level including regulatory and risk advice (including financial crime), regulatory change, government and regulatory affairs, and regulation and risk management. He is a published industry commentator and Journal of Financial Compliance editorial board member.
Giles Swan is an accomplished public policy, compliance and regulatory executive with two decades of public and private sector financial services leadership experience as the regional policy head of a leading FinTech firm, previously the global policy director of a buy-side trade association, and a former policymaker and regulator.
