But it will be interesting for me to observe the loopholes in this law.
Markets in Cryptoassets (MiCA) is more positive with stablecoin and I think it will become the coverage for CBDC to operate in EU. It doesn't really involve NFT and I want to see how transparent it will be when even most people regard KYC as a whole gamut of disclosure, maybe this is the loophole in regulation even though I think its adoption will strengthen crypto exchange and digital currency.
The most of the operation will be in 2024 and 2025 but it is going to revolunize the crypto regulation in EU
If you work by law, then you are required to accept stablecoins from identified wallets and send money to identified wallets.
I think that stablecoins are superfluous in this market and their regulation will get worse until all wallets pass KYC. And if they fail to meet this requirement, they will be removed from the market.