The European Parliament’s approval of the Markets in Crypto-Assets Regulation (MiCA) is a significant milestone in regulating crypto-assets in the European Union. The regulation introduces a tailored license for crypto-asset services and stablecoin issuers that can be used across all 27 EU member states, streamlining regulatory processes and fostering cross-border activities in the crypto industry. MiCA differentiates between types of cryptoassets, tailoring regulatory requirements to each category.