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European Parliament calls for post-transition review of encryption rules beyond MiCA in July

2026-07-09 12:15:50
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The European Parliament adopts a new policy document to expand the scope of crypto asset regulation outside the MiCA framework.

The European Parliament adopted a new policy document on Tuesday, indicating that the EU may extend the regulatory framework for crypto assets beyond the current provisions of the Crypto Asset Markets Regulation (MiCA). The document outlines Parliament\'s views on the future of EU digital asset regulation, but does not directly amend any existing laws.

New areas of concern after MiCA

The European Parliament has asked the European Commission to examine whether activities currently outside the scope of MiCA require clearer regulation. The call comes as MiCA\'s transition period ends on July 1. Since then, crypto asset service providers governed by MiCA must be authorized to operate within the EU.

The policy document lists decentralized finance (DeFi), crypto lending, pledge services, and non-homogeneous tokens (NFT) as priority areas. Lawmakers emphasized that these fast-growing areas require clearer legal provisions to protect users and create a more predictable environment for industry development.

Small Dictionary: MiCA refers to the EU\'s comprehensive framework for regulating the crypto asset market. DeFi is a collective term for financial applications that are based on blockchain and operate without intermediaries.

Lawmakers called for an assessment of whether areas not currently included in MiCA-such as decentralized finance, crypto lending, pledges and NFT-should be included in future EU rules.

Focus on regulatory consistency among member states

The document not only calls for review of new areas, but also emphasizes the consistent application of existing rules by all EU member states. Lawmakers have warned that countries adopting different approaches could create regulatory loopholes and weaken the single market framework for digital assets.

Therefore, the document recommends strengthening coordination among national regulatory agencies. The goal is to ensure that crypto companies face similar standards no matter which country in the EU they operate. This approach shows that under the MiCA framework, the EU prefers to establish a unified market structure rather than a fragmented pattern.

The

document emphasizes that MiCA should be implemented uniformly by all member states and warns that different practices in various countries may create regulatory loopholes.

Positive attitude towards tokenization and euro stablecoins

While calling for strengthened supervision, the policy document also takes a constructive stance on blockchain-based innovation. Lawmakers believe that tokenization could strengthen European financial markets by making assets more accessible and efficient.

The

document also points to the potential of euro-pegged stablecoins in promoting the regional digital economy. The European Parliament has called on the European Commission to regularly review MiCA to strike a balance between financial stability and technological progress.

The European Commission is already conducting such a review. In May this year, it launched a public consultation on possible regulation of more crypto activities and a review of rules for interest-bearing stablecoins.

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