The European Union's crypto asset regulation, the Crypto Asset Markets Regulation (MiCA), became law in 2023. MiCA sets licensing requirements for cryptocurrency issuers and service providers, including exchange platforms, and stablecoin rules came into effect in June. However, Rowan Varrall, deputy director of the DTI Foundation, explained that issuers of asset reference tokens (ART) and electronic money tokens (EMT) must make sustainability disclosures as of June 30, 2024.