DigiTalks: Implications of MiCA – the EU's Markets in Crypto-Assets Regulation
HSBC Global Viewpoint
The Impact of Mika on Firms
Mika will become applicable 18 months after publication, which can be expected to the rules on stable coins. Some market participants have obtained licenses for crypto asset related services under current member states laws. This could grant these firms a competitive advantage and we may see additional market participants applying for national licenses before Mika applies.
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