Exploring the 2025 EU Crypto Framework: Insights into MiCAR, TRF, and DORA
As the EU moves towards comprehensive crypto regulation, MiCAR emerges as a pivotal element of the 2025 framework. While MiCAR, along with the Transfer of Funds Regulation (TRF) and the Digital Operational Resilience Act (DORA), will reshape the landscape, their full impact will only become clear in 2025.
Mihhail Sherle of Gofaizen & Sherle offers insights into these changes. MiCAR will standardize regulatory principles across the EU but allow local adaptations by member states. The TRF will impose detailed information requirements for crypto transfers to combat money laundering, while DORA will ensure crypto firms manage ICT risks effectively.
As companies prepare for these regulations, challenges include navigating local variations and ensuring compliance with evolving standards, ultimately aiming to integrate crypto fully into the EU financial system.
Clever Robot News Desk 25th July 2024
