MiCA Papers

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.


24 September 2020

MiCA Proposal

The European Commission came forward with the MiCA Proposal as a part of the larger digital finance package.

30 June 2022

Provisional agreement reached

Trilogues between the co-legislators started in April 2022 and ended in an provisional agreement reached on 30 June 2022.

5 October 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.

20 April 2023

EU Parliament approval

The plenary of the EU Parliament voted in favour of the MiCA Regulation on 20 April 2023.

16 May 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.

9 June 2023

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.

30 June 2024

Delegated Acts

ESMA, in cooperation with EBA, shall have developed draft Delegated Acts.

30 June 2024

Rules start applying for stablecoins

Title III and IV, covering asset-referenced and e-money tokens, will start to apply.

30 December 2024

Rules start applying in full

The remaining parts of the rules will start to apply.