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3 - Some Reflections on the Proposed MiCA Regulation

from Part II - Opportunities and Challenges in Crypto-Asset Regulation

Published online by Cambridge University Press:  26 October 2023

By
Filippo Annunziata
Edited by
Sabrina Leo  and
Ida Claudia Panetta
Sabrina Leo
Affiliation:
Sapienza Università di Roma
Ida Claudia Panetta
Affiliation:
Sapienza Università di Roma
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Summary

This contribution discusses some critical aspects of the upcoming Markets in Crypto-assets (MiCA) Regulation. There is already extensive and comprehensive literature on the MiCA proposal, and the scope of these brief notes is to consider some – necessarily not all – of the issues that MiCA (as it stands in the original proposal) raises, and that might be considered in the next steps of the legislative process. In particular, we discuss the relationship between MiCA and MiFID-Prospectus rules, the issues raised by DeFI, tokenisation of assets, and some general commercial and civil law aspects.

Keywords

MiCAStablecoinsTokensCrypto-AssetsDigital FinanceDLTDeFI
Type
Chapter
Information
The Role of Distributed Ledger Technology in Banking
From Theory to Practice
 , pp. 71 - 89
Publisher: Cambridge University Press
Print publication year: 2023

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References

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