- EU advisor Peter Kerstens announced the MiCA review at a fireside chat at Paris Blockchain Week 2026.
- MiCA review begins as crypto markets mature rapidly beyond the law’s original design and assumptions.
- Public consultation with “no taboos” starts soon and could lead to legislative proposals and MiCA 2.
On April 15, 2026, Peter Kerstens announced at Paris Blockchain Week 2026 that the European Commission (EU) will launch a public consultation to review MiCA. The review ensures the crypto regulation keeps pace with a maturing digital asset market.
The Commission seeks industry feedback with “no taboos” on where rules should expand, adjust, or remain unchanged. MiCA’s built-in review clause requires a report by June 30, 2027, that could lead to legislative proposals.
EU Announces MiCA Regulatory Review
On April 15, 2026, Peter Kerstens, an adviser on technological innovation, digital transformation, and cybersecurity at the European Commission’s (EU) financial services department, announced the forthcoming review of the Markets in Crypto-Assets Regulation (MiCA) during a fireside chat at Paris Blockchain Week 2026.
The MiCA framework already includes a built-in review clause requiring the Commission to report on its application by June 30, 2027, and to consider possible legislative proposals. The current assessment focuses on real-world performance since the framework’s full rollout.
Why the MiCA Review Is Happening Now
The review is not a response to a flawed framework. Instead, it ensures that regulations keep pace with the changing market structure. MiCA was initially crafted when a few large assets and numerous smaller tokens dominated crypto markets. Rapid maturation, including growth in tokenized assets, DeFi, and institutional adoption, has created new realities that require reassessment.
This aligns with ongoing real-world testing of MiCA. For example, on March 24, 2026, Circle, the issuer of MiCA-compliant EURC and USDC, submitted feedback urging changes to the EU’s proposed Market Integration Package.
Circle called for lower thresholds on euro-denominated stablecoins for securities settlement, broader access for crypto-asset service providers (CASPs), and fewer restrictions to boost liquidity and institutional use.
What’s Next for EU Crypto Regulation?
Discussions continue about potentially shifting oversight of larger crypto firms to the European Securities and Markets Authority (ESMA) to achieve more consistent enforcement across member states, with debate beginning around April 3, 2026.
The Commission will soon launch a broad, “no taboos” consultation. The EU wants open feedback from exchanges, wallets, issuers, consumer groups, and other stakeholders on what works, what needs expansion, and adjustment. Focus areas could include DeFi, NFTs, sustainability reporting, cross-border issues, and consistency in supervision.
Therefore, a potential “MiCA 2” could emerge. Kerstens noted that EU financial laws often develop in stages. While he avoided firm predictions, he suggested a follow-up of “MiCA 2” would not be unusual. This reflects a proactive approach to prevent legal uncertainty as markets innovate beyond rigid rules, rather than a sign that MiCA is broken.
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