MiCA: Monaco Tightens Its Crypto Regulation and Moves Closer to the European Framework

The government of Monaco presented bill no. 1131 to the National Council on August 6. This reform aims to replace the framework adopted in 2022 and bring the Principality closer to European standards. At the heart of the text, MiCA accompanies a revision of the obligations imposed on crypto-asset service providers. The project also strengthens controls and compliance requirements in response to the expectations of the FATF and the European Comm…