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MiCA is expected to become the GDPR of cryptocurrency, a widely adopted regulatory standard around the world, but that’s not a foregone conclusion yet. It is undeniable that MiCA will have a significant impact on their crypto-asset frameworks in other jurisdictions, especially those with less experience in financial regulation and supervision.

This article examines the EU's approach to regulating stablecoins, emphasizing the role of auditors in security and risk assessments under these

Eurite (EURI) is a MiCA-regulated Euro stablecoin issued by Banking Circle S.A., pegged 1:1 to the Euro and backed by cash reserves, and operates on Ethereum (ERC-20) and BNB Smart Chain (BEP-20).

This analysis explores the latest developments in EU cryptocurrency policies, focusing on the MiCA regulation and its major regulatory initiatives for 2024. The study examines how the EU's framework impacts digital finance through technological innovation support, market regulation improvements, investor protection mechanisms, and cross-border financial cooperation. Through comparisons with US and Russian policies, it investigates how the EU's regulatory approach influences the global cryptocurrency landscape, providing comprehensive insights into this evolving sector.

The article briefly explores current cryptocurrency regulations and the anticipated legislative landscape for 2024 from a geographical perspective.

The article provides a detailed introduction to the regulatory processes of various countries, regulatory documents, regulatory bodies, and the core content of the regulatory framework, including the definition of stablecoin, the entry thresholds for issuers, the mechanisms for maintaining coin value stability and reserve assets, compliance requirements during circulation, and special regulatory rules for important stablecoins.