EU Plans to Revise MiCA to Cover Tokenization and Non-EU Stablecoins, Consultation Until September 30

CoinFeed July 9 news, according to The Block citing Euronews, the EU is considering revising the MiCA regulation to cover emerging areas such as tokenization and non-EU stablecoin issuers, with the consultation deadline on September 30. MiCA fully came into effect after the transition period ended on July 1, with only 244 companies approved as crypto-asset service providers. The background for this revision includes the rise of tokenized securities (the scale of on-chain stocks has reached $2.16 billion, a nearly 45% month-on-month increase) and the global progress in stablecoin regulation after the U.S. GENIUS Act was passed. An EU diplomat said 'it seems inevitable to revisit this document at this point.' The European Commission launched related investigations in May, stating that 'since MiCA was formulated, the digital asset market has continued to evolve, and the global policy and regulatory landscape has undergone significant changes,' and is assessing whether the EU framework needs to be updated.