The plan of those who govern does not rest, nor do those who (only) work every day.
This is a summary of what they have advanced in Europe to control crypto by 2025.
Current Limits and Impositions (2025)
-
MiCA (Markets in Crypto-Assets):
- Requires licenses for crypto-asset service providers (CASPs).
- Transparency, consumer protection, and AML/CFT compliance rules.
- Transitional period until July 2026 for some cases.
-
TFR (Transfer of Funds Regulation):
- Implements the “Travel Rule” for sharing origin and destination data in transactions.
- No minimum threshold: applies to all transactions.
- Mandatory verification of non-custodial wallets for transactions over €1,000.
-
DORA (Digital Operational Resilience Act):
- Focused on the digital security of financial entities.
- Applicable from January 2025.
-
5AMLD (5th Anti-Money Laundering Directive):
- Requires rigorous KYC and continuous transaction monitoring.
Future and Next Steps
- Clarification on DeFi: expected by 2026, little can be done on transparent blockchain.
- Tax harmonization: differences between Member States still persist.
- Regulatory expansion: possible adjustments in stablecoins and utility tokens.