Implementation Timeline
Current status
The MiCA Regulation was finalized through the publication in the EU Official Journal. The rules will start applying for stablecoins (asset-referenced and e-money tokens) on 30 June 2024, and for other tokens and service providers on 30 December 2024.
Timeline
MiCA Proposal
The European Commission came forward with the MiCA Proposal as a part of the larger digital finance package.
Provisional agreement reached
Trilogues between the co-legislators started in April 2022 and ended in an provisional agreement reached on 30 June 2022.
Member state endorsement
The committee of permanent representatives (COREPER) endorsed the provisional agreement on MiCA and put forward its proposal to the EU Parliament.
EU Parliament approval
The plenary of the EU Parliament voted in favour of the MiCA Regulation on 20 April 2023.
Endorsed by the Council
On 16 May 2023, the Council of the EU, accepted the Parliament’s position, meaning that the act is now adopted, which is the the final step in the legislative process.
Official Journal Publication
The final text of the MiCA Regulation was published in the Official Journal of the European Union. It formally enters into force on the 20th day following its publication.
Rules start applying for stablecoins
Title III and IV, covering asset-referenced and e-money tokens, will start to apply.
Rules start applying in full
The remaining parts of the rules will start to apply.