European Union's MiCA Legislation and its Impact on Stablecoin Adoption: Lawyers Raise Concerns

The European Union's Markets in Crypto-Assets (MiCA) legislation, enacted on May 31, has generated praise and concerns within the crypto industry. While hailed as a groundbreaking regulatory framework for cryptocurrencies, there is growing apprehension regarding one particular aspect: the imposition of a daily transaction cap on private stablecoins....