The European Commission is inviting feedback on the Markets in Crypto-Assets regulation, known as MiCA.
The move targets potential changes related to stablecoins and decentralized finance, or DeFi.
Industry participants have expressed interest in revisions through what some are calling MiCA 2.0.
No specific timeline for the comment period or next steps was provided in available information.
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Greece’s regulator is preparing to reject Binance’s license application under the EU’s MiCA rules just days before the July 1 deadline. The exchange is now exploring an alternative route through France. Tether’s USDT has already been removed from several licensed EU platforms.
Malta's financial regulator has published a discussion paper examining how decentralized finance projects could fall under the European Union's MiCA rules.
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Europe's MiCA rules will cut off unlicensed crypto platforms from serving customers after July 1, 2026. Only 194 firms hold licenses so far, leaving many users at risk of losing access.
EU finance ministers and the ECB discussed ways to bolster euro-denominated stablecoins during a meeting in Nicosia last week. Officials expressed concerns that dollar-backed tokens could weaken European banks and monetary policy control. The ECB rejected proposals for relaxed liquidity rules or central bank backstops.