BRUSSELS — A senior European Union adviser has indicated that expanded cryptocurrency regulations, tentatively dubbed ‘MiCA 2,’ are likely to be proposed as the digital asset market continues to mature, with potential implementation by 2026.
The remarks came during a panel discussion at Paris Blockchain Week, where EU financial policy experts noted the need for updated frameworks beyond the Markets in Crypto-Assets (MiCA) regulations set to take full effect in 2025. Sources familiar with the discussions suggest the new proposals would address decentralized finance (DeFi) protocols and crypto staking services currently outside MiCA’s scope.
‘The first iteration of MiCA was designed when crypto markets looked very different,’ said one Brussels-based policy analyst who requested anonymity. ‘Now we’re seeing pressure to regulate areas like algorithmic stablecoins and DAOs that simply weren’t mainstream concerns during initial drafting.’
European Central Bank officials have separately warned about potential regulatory gaps, particularly around crypto-assets that might qualify as financial instruments under existing EU laws. However, some industry representatives argue additional regulations could stifle innovation.
If proposed, MiCA 2 would likely undergo the EU’s standard legislative process, including review by the European Parliament and Council. Market participants are advised to monitor developments through official EU channels rather than speculative reports.