Simply days after the Markets in Crypto-Belongings regulation turned absolutely relevant on July 1, the European Parliament referred to as on the European Fee to determine gaps within the present crypto rulebook and assess whether or not additional regulation is required.
For brokers and institutional companies, it alerts that areas at the moment outdoors MiCA are prone to obtain larger regulatory consideration.
DeFi and Staking Transfer Into Focus
MiCA created a framework for centralised crypto-asset service suppliers, however giant elements of the on-chain market remained outdoors its scope. Parliament is now asking the European Fee to look at these areas extra straight.
The areas underneath overview fall into two broad teams. DeFi lending and borrowing increase questions on shadow-banking dangers, whereas staking and yield merchandise level to disclosure, risk-management and consumer-protection points. NFTs and tokenised monetary property sit nearer to the securities perimeter, relying on how they’re structured.
The report titled Digital Belongings – Challenges for the Competitiveness and Integrity of the EU Monetary System requires assessing whether or not these merchandise ought to fall underneath present securities and financial-market guidelines.
A key concern is fragmentation.
If particular person EU member states develop separate approaches to DeFi, staking or NFTs, Parliament argues, the bloc dangers undermining the single-market framework MiCA was designed to create.
A Extra Supportive Tone on Euro Stablecoins
The report additionally takes a extra supportive view of tokenisation and euro-denominated stablecoins, describing regulated digital property as a part of Europe’s monetary competitiveness technique.
Market information factors in the identical route. In keeping with funds agency Decta, the market capitalisation of MiCA-compliant euro stablecoins, led by EURC, EURCV and EURI, rose 128% over the previous 12 months to just about $674 million.
LATEST: ⚡ MiCA-compliant euro stablecoins grew 128% in market cap to $673.9M within the 12 months earlier than Europe’s MiCA transition interval ended, in keeping with Decta. pic.twitter.com/DHPQwoFNxS
— CoinMarketCap (@CoinMarketCap) July 7, 2026
Buying and selling volumes elevated by greater than 43% over the identical interval.
A bigger marketplace for regulated euro stablecoins may strengthen on-chain settlement choices for European banks, brokers and fintechs whereas lowering reliance on dollar-denominated stablecoins.
What Brokers Ought to Take From
The report signifies which elements of the crypto market European lawmakers are more than likely to look at subsequent.
Companies that invested early in MiCA compliance could possibly be higher positioned if staking, lending and different on-chain merchandise are finally introduced into a proper regulatory framework.
Brokers and fintechs ought to take note of whether or not MiCA-compliant euro stablecoins can turn out to be a sensible settlement software contained in the EU framework.
This text was written by Tanya Chepkova at www.financemagnates.com.
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