The European Commission on Wednesday launched a public consultation reviewing the effectiveness of the EU’s Markets in Crypto-Assets Regulation (MiCA), as policymakers consider whether updates are needed to address changes in digital asset markets.

MiCA, which took effect in 2024, created a unified EU regulatory framework covering crypto-assets, stablecoins, issuers, and crypto service providers. The Commission said market developments and shifts in the global regulatory environment have prompted a reassessment of whether the rules remain fit for purpose.

The consultation process includes both public feedback and targeted technical input from industry participants, financial institutions, academics, consumer groups, and public authorities.

Responses will remain open until August 31 and are expected to inform future EU digital asset regulation.