<ul data-eligibleForWebStory="true">The European Union introduced MiCA regulation to standardize crypto regulations across all EU nations.MiCA aims to protect investors, prevent fraud, and offer legal clarity to the crypto market.Assets covered include ARTs, EMTs, and other cryptocurrencies within the scope of MiCA.Crypto Asset Service Providers (CASPs) must adhere to MiCA regulations in the EU.MiCA ensures improved consumer protections, transparency, and stricter oversight of stablecoins.It establishes a unified regulatory framework across EU member states, promoting investor rights.MiCA emphasizes cybersecurity, risk management, and trust-building in the crypto market.The regulation brings both opportunities and challenges for crypto investors in Europe.While offering more trust, security, and investment options, MiCA may create hurdles for small investors and startups.Certain areas like NFTs and DeFi remain outside MiCA's current coverage, posing limitations.