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ESMA invites stakeholders to consult on MiCA regulation's technical specifications. Feedback sought on all aspects, especially Annex I questions. Clear rationales and alternatives requested. Confidentiality option available. Inclusive consultation for cryptoasset issuersand service providers.

ESMA issues proposals for EU crypto firms under MiCA Regulation, covering user complaints, conflict management, ICT security, and governance. CASPs can operate across 27 EU nations with one license. Consultation period until Sep 2020, further consultations in Oct and early 2024.

The EBA calls for early adoption of MiCA regulation for stablecoins, expecting increased issuance. Emphasis on risk management and consumer protection through measures like perpetual redemption right. ESMA proposes rules to separate assets for crypto service providers.

The 2022 BIS survey reveals that 93% of 86 central banks are actively exploring CBDCs, marking a shift towards digital finance. Retail CBDCs advance faster than wholesale counterparts. By 2030, expect 15 retail and 9 wholesale CBDCs in circulation, potentially impacting stablecoins and cryptoassets.

EU's MiCA legislation faces scrutiny for €200M daily transaction limit on stablecoins. Some view it as hindrance, curbing crypto adoption, while others see stability measure. Recent incidents raise regulatory concerns.