The Japan-EU Financial Regulatory Forum exchanged views on stablecoins and tokenization, but the statement did not disclose specific details. The European Commission reported on the implementation of MiCA and the key points of its public consultation.
Under MiCA, authorization in any one member state allows services to be provided throughout the EU. If both sides merely reported on their respective progress, Japanese projects entering the EU would still need MiCA authorization; the statement does not make clear whether the two sides discussed mutual recognition or aligning their rules.
Under MiCA, authorization in any one member state allows services to be provided throughout the EU. If both sides merely reported on their respective progress, Japanese projects entering the EU would still need MiCA authorization; the statement does not make clear whether the two sides discussed mutual recognition or aligning their rules.
