Markets in Crypto Assets Regulation (MiCA)

• Year: 2023

Speaker

Elisabeth Noble is a Senior Policy Advisor and Team Leader at the European Banking Authority. She leads the EBA’s work on crypto-assets, DLT, and the platformisation of financial services and is the EBA coordinator for the European Forum for Innovation Facilitators. Prior to joining the EBA, Elisabeth was at the UK’s finance ministry (2008-14) advising primarily on the response to the financial crisis and the post-crisis domestic and EU regulatory reforms, including the reforms to the regulatory architecture in the EU (Banking Union).

Topic

The presentation aims to provide a comprehensive overview of the factors that have prompted the need for regulating markets in crypto assets. It begins by delving into the background and rationale behind this regulatory initiative, highlighting the challenges and risks associated with the growing popularity and widespread use of cryptocurrencies.

As the presentation progresses, it goes on to provide a detailed examination of the MiCAR (Markets in Crypto-Assets Regulation) proposal. This entails a thorough exploration of the specific provisions and guidelines outlined in the proposal, illustrating how they aim to address the inherent risks and potential misconduct prevalent in the crypto asset markets.

Moreover, the presentation ventures into the practical application of the proposed regulation, particularly in relation to more novel cases. It offers real-world scenarios and examples that demonstrate how the regulatory framework can be effectively implemented to tackle emerging challenges posed by new and innovative forms of crypto assets.

Related documents

Proposal for a REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL on Markets in Crypto-assets, and amending Directive (EU) 2019/1937 COM/2020/593 final

Proposal for a REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL on information accompanying transfers of funds and certain crypto-assets (recast)

COM/2021/422 final

Regulation (EU) 2022/2554 of the European Parliament and of the Council of 14 December 2022 on digital operational resilience for the financial sector and amending Regulations (EC) No 1060/2009, (EU) No 648/2012,...