EU’s MiCA rules could prohibit MEV activities on Ethereum
Patrick Hansen, a Circle executive, is concerned that entities involved in Maximal Extractable Value (MEV) activities on Ethereum and other smart contract platforms might be banned from operating in the European Union (EU) once the Markets in Cryptoassets (MiCA) regulation comes into effect MiCA, adopted by the European Parliament on April 20, 2023, marks a significant milestone as the first clear legislation governing the issuance and provision of services related to crypto-assets and stablecoins. Its enforcement is scheduled between mid-2024 and early 2025. You might also like: MiCA explained: What does the EU’s first crypto regulation mean for the industry? Although progressive, MiCA’s Article 92, which aims to prevent and prohibit market abuse involving crypto-assets, is particularly interesting. Specifically, lawyers and industry stakeholders have drawn attention to this provision, as it holds potential implications for MEV participants operating within the EU. ...