On 20 May 2026, the European Commission (Commission) issued a public consultation on the review of the Regulation on the Markets in Crypto‑Assets (MiCA).
Article 142 MiCA provides that the Commission shall present a report to the European Parliament and the Council on the latest developments with respect to crypto‑assets, in particular, on matters that were left outside the scope of MiCA.
The Commission services considers that the review of the Payment Services Directive has largely addressed and clarified some issues emerging from the interplay between the payment services legislation and MiCA.
With this consultation, the Commission is seeking to:
- Respond to the request in Article 142 of MiCA and seek to collect the views of stakeholders on all the market developments not originally covered by MiCA and whether policy or regulatory action would be warranted.
- Provide feedback to inform the review of MiCA referred to in Article 140 of MiCA, consulting also with the European Banking Authority and the European Securities and Markets Authority to that effect.
- Consult on matters that have emerged from the implementation of MiCA to date.
- Take stock of whether MiCA is fit for the future in the rapidly evolving landscape of digital and tokenised asset markets in a global and internationally competitive context, seizing both the opportunities tokenisation and DLT bring and addressing risks they may generate.
Next steps
The deadline for comments on the consultation is 31 August 2026.