The European Union's Markets in Crypto-Assets (MiCA) regulation is a landmark legal framework aimed at regulating the cryptocurrency market within the EU. It establishes comprehensive rules for crypto-asset service providers (CASPs), including exchanges, custodians, and issuers of cryptocurrencies like stablecoins. MiCA seeks to protect investors, preserve financial stability, and foster innovation in the crypto sector by introducing requirements for authorization, transparency, and consumer protection. It's a significant step towards harmonizing crypto regulations across the EU and providing a clear legal framework for businesses and investors operating in the European crypto market.