Bitkom Position Paper on the European Commission’s proposals on Markets in Crypto-Assets (MiCA) and a pilot regime for market infrastructures based on distributed ledger technology
Due to the size and relevance of the EU single market, MiCA could potentially set global standards, shape crypto-regulation internationally, and attract market participants from all over the world. We are fully committed to supporting the EU on its way to becoming a global vanguard with regards to crypto-regulation and to offering our ad-vice along the way as largest European digital trade association and largest German crypto network. In the following, we provide feedback from our members to several general and specific aspects of MiCA and the pilot regime for DLT market infrastructure. While we welcome the proposals on the whole, we still identified some key aspects and criticisms that should be addressed and amended during the legislative process in the European Parliament and the Council of the EU.