The European Securities and Markets Authority (ESMA) has released its final guidelines for implementing the Markets in Crypto-Assets (MiCA) regulation across the EU, paving the way for a uniform regulatory framework for crypto assets. These new guidelines, applicable starting December 2024, will significantly impact both start-ups and established crypto firms operating within the EU. Key areas of concern include potential delistings of stablecoins and increased compliance requirements. Major players like Tether have announced noncompliance with the regulations. [1] ESMA’s report highlights that companies must adhere to new licensing and capital reserve rules, while stablecoin issuers face additional scrutiny and specific authorization requirements.