MiCA Is Here: What It Means for Crypto & On-Chain Finance

As of June 30, 2025, the Markets in Crypto-Assets Regulation (MiCA) is now enforceable across all EU member states, marking a turning point for on-chain finance in Europe.

Why This Matters

MiCA:

  • Applies to utility tokens and stablecoins
  • Defines rules for services like custody, execution, and issuance
  • Allows centralized actors (exchanges, brokers, custodians) to operate legally across the EU
  • Complements (but doesn’t replace) financial and AML regulations
  • Provides a clear framework for builders and institutions to engage with digital assets compliantly

Why Dusk Is Built for This Moment

From the beginning, Dusk anticipated the rise of regulation and designed its stack accordingly.

  • Privacy with Selective Disclosure: Built-in privacy that can be revealed when necessary for compliance
  • Licensed Infrastructure via NPEX: Inherits:
    • MTF license (secondary market for securities)
    • Broker license (asset sourcing and execution)
    • ECSP license (retail investment across the EU)
  • Integrated with Quantoz: Bringing EURQ, an electronic money token (EMT), on-chain
  • End-to-End Compliance: Supports regulated asset flows from issuance to trading, without relying on off-chain enforcement

Read the Full Article

Learn what MiCA really covers, the common misconceptions, and how Dusk is positioned to lead in a post-MiCA world:

:backhand_index_pointing_right: MiCA is Now in Full Force • Dusk

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