EU Weighs Expanding MiCA Rules to Cover Security Tokens

The European Commission is considering expanding the scope of its Markets in Crypto-Assets regulation, or MiCA.

The Block reported on July 8 that the commission, about a week after MiCA took full effect, is discussing whether to bring emerging areas including tokenized stocks and stablecoin issuers based outside the European Union under the framework.

The commission plans to gather feedback from industry participants through Sept. 30.

Under the current MiCA framework, security tokens are not directly covered by the regulation. Those assets instead fall under existing European Union securities laws.