Renew MEP Ilhan Kyuchyuk has pressed the European Commission to set out its long-term strategy for crypto-assets, including additional regulatory measures beyond the Markets in Crypto-Assets Regulation (MiCA), a pan-European tax framework, and an assessment of how digital currencies affect financial stability and EU competitiveness. The written question, submitted on 27 May 2026, targets the interests of crypto investors, EU banks, national tax authorities, and the broader digital finance industry.
Kyuchyuk's first question asks what additional regulatory measures the Commission plans to implement after MiCA to ensure transparency, consumer protection, and mitigation of systemic risks from cryptocurrencies and decentralised finance (DeFi) platforms. The second question probes whether the Commission intends to establish a coordinated EU-wide framework for taxing crypto-assets and for combating money laundering, market manipulation, and unregulated cross-border transactions. The third question requests an assessment of how cryptocurrencies, stablecoins, and the digital euro could impact financial stability, the banking sector, and the EU's competitiveness relative to the United States and Asian markets.
The question reflects growing concern among EU policymakers about the rapid evolution of crypto markets and the need for a coherent European approach. MiCA, which entered into force in 2023, provides a licensing regime for crypto-asset service providers and rules for stablecoins, but leaves taxation and anti-money laundering coordination largely to member states. Kyuchyuk's query signals a push for deeper integration in these areas, potentially shifting more oversight to EU-level bodies.
Expected follow-up
The Commission is required to respond within approximately six weeks. Its answer will indicate whether it plans to propose new legislation on crypto taxation and AML coordination, or whether it considers existing frameworks sufficient. The response will also clarify the Commission's view on the competitive position of EU crypto markets versus the US and Asia, and on the interplay between private stablecoins and the planned digital euro. A detailed reply could signal the direction of EU digital finance policy for the coming years.