Link to the video: https://www.youtube.com/playlist?list=PL3I8dQZIgPv9kxUdjYfMh_6xFWQrQ6hac

Under this title, the CNMV held a meeting with industry stakeholders to analyse the implementation of the MiCA Regulation one year after its entry into force. The event took place on 3 February at the Auditorium of the Reina Sofía Museum in Madrid and was attended by over 400 participants. Coinciding with the event, the CNMV published a Report on Digital Assets, which provides an in-depth analysis of the current situation of these products and their relevance within the financial system.

The opening session was delivered by the CNMV Chairman, Carlos San Basilio. In his speech, he stated that “it is crucial for this industry to move beyond the creation of speculative products and to start designing crypto-asset issuances that fund real projects, offer attractive investment products, are capable of robust valuation, and are linked to the real economy”. According to San Basilio: “The implementation of MiCA will help consolidate the crypto ecosystem under proper security and investor protections conditions”.

The event, chaired by Jordi Fábrega, Head of Economics at Cadena SER’s News Services, featured contributions from CNMV and SEPBLAC experts, as well as senior executives from the industry. Panels and round tables addressed a range of current topics such as issuances, ESMA working groups, authorisation processes, PBCFT, cybersecurity, DeFi, and stablecoins.

The closing speech was delivered by the CNMV Vice-Chair, Paloma Marín, at an event that brought together over 400 experts from the sector. In her view: “It was a valuable debate on the application of this new regulation and the submission of the crypto sector to investor protection obligations”.

The round table on stablecoins was moderated by Víctor Rodríguez, General Director for Strategic Policy and International Affairs at the CNMV. “It is important for euro-linked stablecoins to emerge and for their use to become more widespread”, he stated.

You can find further details in the following link.

During the event, data from the Report on Digital Assets were presented, covering stablecoins, decentralised finance (DeFi) and the use of distributed ledger technology (DLT) in markets. Among its conclusions, the report highlights that the sector is entering a more mature phase, characterised by the gradual integration of these assets into traditional financial markets.

You can read the press release and the Report on Digital Assets here.

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