This article is the third instalment of a series on the custody of crypto assets. Read the first article here, and the second article here.
The Markets in Crypto-Assets regulation (MiCA) is the world’s first comprehensive framework for the regulation of stablecoins. For custodians of crypto assets, MiCA settles the conditions for authorisation and operation in the EU. The new legislation also prescribes the rules to be followed by custodians of funds, financial instruments and other assets used to underpin/stabilise the prices of stablecoins.
