UNDERSTANDING THE FRAMEWORKS

EUROPEAN REGULATION

Comprehensive stablecoin and crypto-asset regulation across Europe through MiCA's harmonized framework, the UK's emerging stablecoin framework, and Switzerland's technology-neutral approach.

Regulatory Frameworks

MiCA ACTIVE
European Union Effective Dec 2024
Unified crypto-asset regulation across 27 EU states
The Markets in Crypto-Assets Regulation creates a harmonized framework for crypto-assets across all EU member states. It establishes clear categories for e-money tokens and asset-referenced tokens, with requirements for authorization, reserve backing, and consumer protection.
UK STABLECOIN FRAMEWORK PENDING
United Kingdom Expected Q3-Q4 2026
Payment stablecoins under BoE/FCA oversight
The UK is developing a tailored regulatory framework for fiat-backed stablecoins used in payments. The framework will bring systemic stablecoins under Bank of England oversight, while the FCA will authorize and supervise issuers to ensure financial stability and consumer protection.
SWISS DLT ACT ACTIVE
Switzerland Effective Aug 2021
Technology-neutral DLT and token classification
Switzerland's DLT Act was among the first comprehensive blockchain legislation globally, integrating distributed ledger technology into existing legal frameworks. It introduces DLT securities, establishes clear custody rules, and creates a new license category for DLT trading facilities.

Official Resources

Direct access to regulatory documentation, guidance, and analysis