EU to revise MiCA rules in 2027 amid US stablecoin push
European Union officials are preparing to revise the bloc’s MiCA crypto framework in 2027 as foreign stablecoin restrictions and faster U.S. rulemaking expose gaps in the existing regime. The planned revision would examine how MiCA treats stablecoins issued outside the European Union. Current requirements have prevented several foreign issuers from receiving authorization, limiting their access to regulated exchanges across the bloc.
“Reopening the file seems unavoidable at this stage,” an unidentified European diplomat told Euronews.
The diplomat cited positions taken by European institutions, including the European Central Bank, along with changes in global regulation and digital-asset technology. No final proposal has been published. Any amendment would need to pass through the EU’s legislative process before taking effect. The consultation covers developments that have occurred since MiCA entered into application. Its deadline has been extended to Sept. 30, with crypto issuers, service providers, regulators, central banks and finance ministries invited to respond.