As the European Parliament gears up for a crucial vote this autumn, attention is focused on the upcoming new European Commission. One of the most closely watched areas of development is the crypto regulation across Europe. This issue has profound implications not only for financial markets but also for consumer protection and safety.

The European Union has shown a proactive stance in building a regulatory framework for cryptocurrencies. A key milestone in this journey is the MiCA (Markets in Crypto-Assets) regulation, introduced in 2023. MiCA marks the EU’s first attempt to create unified rules for the cryptocurrency sector across member states. Its primary goals include consumer protection, promoting innovation, and safeguarding financial stability.

However, with new elections on the horizon and the formation of a fresh European Commission expected in November 2024, uncertainty surrounds how the new leadership will approach the evolving challenges and opportunities within the cryptocurrency market.