TechFlow news, on December 10, according to CoinDesk, internal documents show that EU member states including Belgium, Italy, Poland, Portugal, Luxembourg, and Romania have not yet completed the domestic legal adjustments for MiCA (Markets in Crypto-Assets Regulation). The regulation is set to take effect by the end of 2024, but nearly a quarter of EU member states have failed to meet the deadline.
Last month, multiple cryptocurrency industry associations wrote to ESMA (European Securities and Markets Authority), stating that national regulators would struggle to process applications from crypto-asset service providers (CASP) within the current time frame. The associations requested a six-month "no-action period," but this was rejected by ESMA. ESMA will hold a meeting on December 11 to discuss the MiCA deadline issue.
