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Paradigm Insights

EU MiCA Review Consultation Open Through Sept. 30

The European Commission's targeted consultation on the MiCA review remains open through Sept. 30 at 23:59 CEST.

PARADIGM INSIGHTS:

The best use of a MiCA consultation is to put a failed transaction on the table: who held the asset, who can reverse an error and where a cross-border holder can seek relief. A framework that describes custody but not a remedy leaves the hardest part to the first crisis. This consultation invites those questions; it has not changed the law.

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