The European Union is preparing to revise its Markets in Crypto-Assets (MiCA) regulation in 2027, aiming to strengthen oversight of non-EU crypto issuers and address emerging digital payment technologies, according to EuroNews.
The review comes as the rapid growth of stablecoins and recent policy changes in the United States raise new regulatory challenges for European lawmakers.
Focus on Stablecoins and Foreign Issuers
According to EuroNews, the European Commission is consulting industry stakeholders until 30 September to determine whether MiCA should be reopened.
Several EU diplomats told EuroNews that a revision now appears inevitable, citing both technological developments and concerns expressed by European institutions, including the European Central Bank.
One of the main issues is the regulation of non-EU stablecoin issuers, which are not specifically covered under the current MiCA framework despite operating within the European market.
Trump’s Policies Increase Regulatory Pressure
EuroNews reports that renewed attention on stablecoins follows U.S. President Donald Trump’s support for digital assets and the adoption of the GENIUS Act, which established a regulatory framework for stablecoins in the United States.
Stablecoins are digital assets designed to maintain a fixed value by being linked to traditional currencies such as the U.S. dollar.
According to Artemis Analytics, global stablecoin transaction volumes increased by 72% in 2025, reaching approximately $33 trillion (€28 trillion).
With around 95% of stablecoins backed by the U.S. dollar, European policymakers are increasingly assessing how these assets could affect financial stability and cross-border payments.
Broader Digital Payments Review
The revision is also expected to examine emerging technologies such as tokenisation and distributed ledger technology (DLT).
According to EuroNews, the European Central Bank has already launched new initiatives, including the Pontes and Appia payment infrastructure projects, designed to support next-generation digital payment systems.
The planned MiCA review is expected to help ensure that Europe’s crypto regulatory framework keeps pace with rapid technological innovation while addressing the growing international role of digital assets.
Photo: wirestock/ magnific.com
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