The rise of RWA and stablecoins puts pressure on a possible regulatory update.
Issuers, exchanges and providers will be able to provide comments on MiCA.
The European Commission opened a public consultation to assess whether MiCA, the European Union’s cryptocurrency regulatory framework, remains adequate in the face of the rapid evolution of the digital asset market. The process was announced on May 20, 2026 and will remain open until August 31.
The query includes two parallel processes: one public and the other technical, aimed at issuers of digital assets, exchanges, financial institutions, technology providers, academics, public interest organizations and European authorities.
Since MiCA came into effect in 2023, the digital asset sector has moved into areas that were just beginning to develop when the regulation was drafted, such as tokenization of real-world assets (RWA), the growth of global stablecoins —which has increased more than 34% globally— and the integration of artificial intelligence in financial services based on decentralized networks.
The review also occurs in a time of increasing regulatory competition between jurisdictions. While Europe evaluates possible adjustments to MiCA, other regions continue to develop specific frameworks for stablecoins, tokenization and institutional cryptocurrency services, as reported by CriptoNoticias.
For example, Japan recently passed a reform that will allow the integration of certain foreign stablecoins within its financial system from June 1, 2026, under a model based on regulatory equivalence. In parallel, the United States is advancing with the Clarity law and the Genius law, initiatives aimed at defining regulatory powers and establishing specific rules for the stablecoin market and other digital assets.
If the Commission concludes that MiCA needs modifications, the European Union could start a new regulatory stage, focused not only on supervising the existing market, but on adapting to sectors that gained relevance after the approval of the regulation.
Likewise, the process could influence outside the European blocconsidering that MiCA became an international reference for the design of regulations on cryptocurrencies and digital assets.