European legislators are actively shaping the cryptocurrency sector by establishing precise guidelines. On June 30, the European Union’s Markets in Crypto-Assets Regulation (MiCA) partially came into force, with a particular emphasis on stablecoins. Furthermore, in December, further regulations will be introduced for providers of crypto asset services. This all-encompassing framework, which has been in the works since 2020, represents the EU’s inaugural harmonized collection of rules for the crypto asset market.