What does MiCAR mean?

In 2023, the EU adopted the Markets for Crypto-Assets Regulation (MiCAR), a comprehensive regulatory package that uniformly regulates the use of blockchain in the European financial market and provides a harmonised legal framework for markets, trading platforms and investments in crypto-assets. The European MiCAR regulation allows cross-border crypto-asset services from Liechtenstein throughout the European Economic Area. This EU passporting opens up new opportunities in tokenisation, digital assets and cryptocurrencies.