The CSSF has proposed updates to the Markets in Crypto-Assets Regulation (MiCA) as of 22 July 2026. The updates include new Commission Delegated and Implementing Regulations that establish technical standards for preventing market abuse and cooperation between authorities.
The instrument referenced is the Commission Delegated Regulation (EU) 2025/885, which is due on 20 August 2025. This regulation requires compliance from crypto-asset service providers (CASPs) and issuers of asset-referenced tokens (ARTs) and e-money tokens (EMTs).
The regulations apply specifically to CASPs, ART issuers, and EMT issuers as identified by the CSSF. These entities must align their operations with the new standards to maintain compliance.
Entities must adjust their compliance frameworks by the deadline of 20 August 2025. The CSSF will provide further guidance on the practical implications of these updates as they become applicable.
The MiCA regulation entered into force on 29 June 2023, with various provisions becoming applicable on 30 June 2024 and 30 December 2024, depending on the specific requirements.