{"id":4347,"date":"2026-02-02T09:04:14","date_gmt":"2026-02-02T01:04:14","guid":{"rendered":"https:\/\/theexchain.com\/mica-regulation-how-europes-new-rules-affect-the-global-crypto-market\/"},"modified":"2026-02-02T09:04:14","modified_gmt":"2026-02-02T01:04:14","slug":"%eb%af%b8%ec%b9%b4-%ea%b7%9c%ec%a0%9c-%ec%9c%a0%eb%9f%bd%ec%9d%98-%ec%83%88%eb%a1%9c%ec%9a%b4-%ea%b7%9c%ec%b9%99%ec%9d%b4-%ea%b8%80%eb%a1%9c%eb%b2%8c-%ec%95%94%ed%98%b8%ed%99%94%ed%8f%90-%ec%8b%9c","status":"publish","type":"post","link":"https:\/\/theexchain.com\/ko\/%eb%af%b8%ec%b9%b4-%ea%b7%9c%ec%a0%9c-%ec%9c%a0%eb%9f%bd%ec%9d%98-%ec%83%88%eb%a1%9c%ec%9a%b4-%ea%b7%9c%ec%b9%99%ec%9d%b4-%ea%b8%80%eb%a1%9c%eb%b2%8c-%ec%95%94%ed%98%b8%ed%99%94%ed%8f%90-%ec%8b%9c\/","title":{"rendered":"MiCA \uaddc\uc815: \uc720\ub7fd\uc758 \uc0c8\ub85c\uc6b4 \uaddc\uc815\uc774 \uae00\ub85c\ubc8c \uc554\ud638\ud654\ud3d0 \uc2dc\uc7a5\uc5d0 \ubbf8\uce58\ub294 \uc601\ud5a5"},"content":{"rendered":"<p>MiCA \uaddc\uc815: 2026\ub144 7\uc6d4\uae4c\uc9c0\uc758 \uce74\uc6b4\ud2b8\ub2e4\uc6b4\uacfc \uae00\ub85c\ubc8c \uc554\ud638\ud654\ud3d0 \uc2dc\uc7a5\uc5d0 \ubbf8\uce58\ub294 \uc601\ud5a5 \uc720\ub7fd\uc5f0\ud569\uc758 \uc554\ud638\ud654 \uc790\uc0b0 \uc2dc\uc7a5(MiCA) \uaddc\uc81c\ub294 \ub354 \uc774\uc0c1 \ubbf8\ub798\uc758 \uac1c\ub150\uc774 \uc544\ub2c8\ub77c \ud604\uc7ac\uc758 \ud604\uc2e4\uc785\ub2c8\ub2e4. 2026\ub144 7\uc6d4 1\uc77c\uc758 \ucd5c\uc885 \uae30\ud55c\uc774 \ub2e4\uac00\uc634\uc5d0 \ub530\ub77c \uc804 \uc138\uacc4 \uc554\ud638\ud654\ud3d0 \uc5c5\uacc4\ub294 \uc0ac\uc0c1 \ucd5c\ub300\uc758 \uaddc\uc81c \uaca9\ubcc0\uae30\ub97c \ub9de\uc774\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4. \uc774\ub294 \ub2e8\uc21c\ud55c \uaddc\uce59\uc758 \ucd94\uac00\uac00 \uc544\ub2c8\ub77c \uc138\uacc4 \ucd5c\ub300\uc758 \ub2e8\uc77c \uc2dc\uc7a5 \ub0b4\uc5d0\uc11c \uc554\ud638\ud654\ud3d0 \ube44\uc988\ub2c8\uc2a4\uac00 \uc6b4\uc601\ub418\ub294 \ubc29\uc2dd\uc744 \uc644\uc804\ud788 \uc7ac\uc815\uc758\ud558\ub294 \uac83\uc785\ub2c8\ub2e4. \uacfc\ub3c4\uae30\uc801\uc778 '\uadf8\ub79c\ub4dc\ud30c\ub354\ub9c1' \uc2dc\uae30\uac00 \ub2e4\uac00\uc624\uace0 \uc788\uc73c\uba70, \uc774\uc5d0 \uc801\uc751\ud558\uc9c0 \ubabb\ud558\ub294 \uae30\uc5c5\uc740 \uc720\ub7fd\uc5d0\uc11c\uc758 \uc0ac\uc5c5 \uc6b4\uc601\uc774 \uc911\ub2e8\ub420 \uc218 \uc788\uc2b5\ub2c8\ub2e4. 2024\ub144\ubd80\ud130 \ub2e8\uacc4\uc801\uc73c\ub85c \uc2dc\ud589\ub418\ub294 \uc774 \ud3ec\uad04\uc801\uc778 \ud504\ub808\uc784\uc6cc\ud06c\ub294 27\uac1c \uad6d\uac00 \ubc95\ub960\uc758 \ud328\uce58\uc6cc\ud06c\ub97c \ub2e8\uc77c \ud1b5\ud569 \uaddc\uc815\uc9d1\uc73c\ub85c \ub300\uccb4\ud558\ub294 \uac83\uc744 \ubaa9\ud45c\ub85c \ud569\ub2c8\ub2e4. \ud22c\uc790\uc790\ub97c \ubcf4\ud638\ud558\uace0, \uc2dc\uc7a5\uc758 \ubb34\uacb0\uc131\uc744 \ubcf4\uc7a5\ud558\uba70, \ud601\uc2e0\uc744 \uc9c0\uc6d0\ud558\uace0, \uae08\uc735 \uc548\uc815\uc131\uc744 \ubcf4\ud638\ud55c\ub2e4\ub294 \ubaa9\ud45c\ub294 \ubd84\uba85\ud569\ub2c8\ub2e4. \ud558\uc9c0\ub9cc \uae30\uc5c5 \uc785\uc7a5\uc5d0\uc11c\ub294 \uaddc\uc815 \uc900\uc218\ub97c \uc704\ud55c \uc5ec\uc815\uc774 \ubcf5\uc7a1\ud558\uace0 \ube44\uc6a9\uc774 \ub9ce\uc774 \ub4e4\uba70 \uc0dd\uc874\uc774 \uac78\ub9b0 \ubb38\uc81c\ub85c \uac00\ub4dd \ucc28 \uc788\uc2b5\ub2c8\ub2e4. MiCA\ub780 \ubb34\uc5c7\uc778\uac00\uc694? \uc554\ud638\ud654 \ud63c\ub3c8\uc5d0 \ub300\ud55c \uc720\ub7fd\uc758 \ud574\ub2f5 \uc554\ud638\ud654 \uc790\uc0b0 \uaddc\uc81c(MiCA)\ub294 \uc554\ud638\ud654 \uc790\uc0b0\uacfc \uc554\ud638\ud654 \uc790\uc0b0 \uc11c\ube44\uc2a4 \uc81c\uacf5\uc5c5\uccb4(CASP)\ub97c \uaddc\uc81c\ud558\uae30 \uc704\ud55c \uc720\ub7fd\uc5f0\ud569\uc758 \uc120\uad6c\uc801\uc774\uace0 \ud3ec\uad04\uc801\uc778 \ubc95\uc801 \ud504\ub808\uc784\uc6cc\ud06c\uc785\ub2c8\ub2e4. \uaddc\uc815 (EU) 2023\/1114\uc5d0 \uc758\ud574 \uacf5\uc2dd\uc801\uc73c\ub85c \uc81c\uc815\ub41c \uc774 \uaddc\uc815\uc740 \uae30\uc874 EU \uae08\uc735\ubc95\uc774 \uc801\uc6a9\ub418\uc9c0 \uc54a\ub294 \uc554\ud638\ud654 \uc790\uc0b0\uc758 \ubc1c\ud589, \ub300\uc911\uc5d0\uac8c \uc81c\uacf5 \ubc0f \uac70\ub798 \ud5c8\uc6a9\uc5d0 \ub300\ud574 \ubaa8\ub4e0 \ud68c\uc6d0\uad6d\uc5d0 \uac78\uccd0 \ud1b5\uc77c\ub41c \uaddc\uce59\uc744 \ub9cc\ub4ed\ub2c8\ub2e4. MiCA \uc774\uc804\uc5d0\ub294 \uc720\ub7fd \uc804\uc5ed\uc5d0\uc11c \ud65c\ub3d9\ud558\ub294 \uc554\ud638\ud654\ud3d0 \ud68c\uc0ac\ub294 \uac01\uae30 \ub2e4\ub978 \uad6d\uac00\ubcc4 \uaddc\uc815\uacfc \ub77c\uc774\uc120\uc2a4\uc758 \ubbf8\ub85c\ub97c \ud5e4\uccd0\ub098\uac00\uc57c \ud588\uc2b5\ub2c8\ub2e4. MiCA\ub294 \ub2e8\uc77c \uc2b9\uc778 \uc2dc\uc2a4\ud15c\uc744 \ub3c4\uc785\ud558\uc5ec \uc774\ub7ec\ud55c \uc0c1\ud669\uc744 \uadfc\ubcf8\uc801\uc73c\ub85c \ubcc0\ud654\uc2dc\ucf30\uc2b5\ub2c8\ub2e4. CASP\uac00 \ud55c EU \ud68c\uc6d0\uad6d\uc5d0\uc11c \uc778\uac00\ub97c \ubc1b\uc73c\uba74 27\uac1c \uad6d\uac00 \ubaa8\ub450\uc5d0 \uc11c\ube44\uc2a4\ub97c '\ud328\uc2a4\ud3ec\ud2b8'\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uc774\ub294 \ubc95\uc801 \uba85\ud655\uc131\uacfc \uc6b4\uc601 \ud6a8\uc728\uc131\uc744 \uc57d\uc18d\ud558\uc9c0\ub9cc, \ub192\uc740 \uc9c4\uc785 \uae30\uc900\uacfc \uc9c0\uc18d\uc801\uc778 \uac10\ub3c5\uc744 \uc218\ubc18\ud569\ub2c8\ub2e4. \ub2e8\uacc4\uc801 \ud0c0\uc784\ub77c\uc778: \ud569\uc758\uc5d0\uc11c \uc804\uba74 \uc2dc\ud589\uae4c\uc9c0 MiCA\uc758 \uc77c\uc815\uc744 \uc774\ud574\ud558\ub294 \uac83\uc740 EU \uc2dc\uc7a5\uc5d0\uc11c \uc0ac\uc5c5\uc744 \uc6b4\uc601\ud558\uac70\ub098 \ud0c0\uac9f\ud305\ud558\ub294 \ubaa8\ub4e0 \ube44\uc988\ub2c8\uc2a4\uc5d0 \ub9e4\uc6b0 \uc911\uc694\ud569\ub2c8\ub2e4. \uc774 \uaddc\uc815\uc740 \ud611\uc0c1\ud560 \uc218 \uc5c6\ub294 \ubcc4\uac1c\uc758 \ub2e8\uacc4\ub85c \uc2dc\ud589\ub418\uace0 \uc788\uc2b5\ub2c8\ub2e4: 2023\ub144 6\uc6d4: MiCA\ub294 \uad00\ubcf4\uc5d0 \uac8c\uc7ac\ub41c \ud6c4 \ubc1c\ud6a8\ub429\ub2c8\ub2e4. 2024\ub144 6\uc6d4 30\uc77c: \uccab \ubc88\uc9f8 \uc8fc\uc694 \uaddc\uc815\uc774 \uc790\uc0b0 \ucc38\uc870 \ud1a0\ud070(ART)\uacfc **\uc804\uc790 \ud654\ud3d0 \ud1a0\ud070(EMT)**, \uc989 \uc2a4\ud14c\uc774\ube14\ucf54\uc778\uc5d0 \ub300\ud55c EU\uc758 \uaddc\uc81c \ubc94\uc8fc\uc5d0 \uc801\uc6a9\ub418\uc5c8\uc2b5\ub2c8\ub2e4. \ubc1c\ud589\uc790\ub294 \uc5c4\uaca9\ud55c \uc900\ube44\uae08, \ud22c\uba85\uc131, \uc2b9\uc778 \uc694\uac74\uc744 \uc900\uc218\ud574\uc57c \ud588\uc2b5\ub2c8\ub2e4. 2024\ub144 12\uc6d4 30\uc77c: \uc554\ud638\ud654 \uc790\uc0b0 \uc11c\ube44\uc2a4 \uc81c\uacf5\uc790(CASP)\ub97c \uc704\ud55c \uc804\uccb4 MiCA \ud504\ub808\uc784\uc6cc\ud06c\uac00 \ubc1c\ud6a8\ub418\uc5b4 \uacfc\ub3c4\uae30\uac00 \uc2dc\uc791\ub418\uc5c8\uc2b5\ub2c8\ub2e4. 2026\ub144 7\uc6d4 1\uc77c: \uc808\ub300\uc801\uc778 \ucd5c\uc885 \ub9c8\uac10\uc77c. \ubaa8\ub4e0 CASP\ub294 \uc644\uc804\ud55c \uc2b9\uc778\uc744 \ubc1b\uace0 \uaddc\uc815\uc744 \uc900\uc218\ud574\uc57c \ud569\ub2c8\ub2e4. \uae30\uc874 \uae30\uc5c5\uc5d0 \ub300\ud55c \uc120\ud0dd\uc801 '\uae30\ub4dd\uad8c \uc720\uc9c0' \ubcf4\ud638\ub294 \ube14\ub85d \uc804\uccb4\uc5d0\uc11c \ub9cc\ub8cc\ub429\ub2c8\ub2e4. \uc911\uc694\ud55c \"\uadf8\ub79c\ub4dc\ud30c\ub354\ub9c1\" \uae30\uac04: \ucd08\uc77d\uae30\uc5d0 \ub4e4\uc5b4\uac04 \uc2dc\uacc4 MiCA\uc758 \uc8fc\uc694 \ud2b9\uc9d5\uc740 \ud68c\uc6d0\uad6d\uc774 \uacfc\ub3c4\uae30\uc801 \uc870\uce58\ub97c \uc2dc\ud589\ud560 \uc218 \uc788\ub3c4\ub85d \ud5c8\uc6a9\ud558\ub294 \uc81c143\uc870\uc785\ub2c8\ub2e4. \uc989, 2024\ub144 12\uc6d4 30\uc77c \uc774\uc804\uc5d0 \uad6d\ub0b4\ubc95\uc5d0 \ub530\ub77c \ud569\ubc95\uc801\uc73c\ub85c \uc554\ud638\ud654\ud3d0 \uc11c\ube44\uc2a4\ub97c \uc81c\uacf5\ud558\ub294 \uae30\uc5c5\uc740 \ub2a6\uc5b4\ub3c4 2026\ub144 7\uc6d4 1\uc77c\uae4c\uc9c0, \ub610\ub294 MiCA \uc2b9\uc778\uc744 \ubc1b\uac70\ub098 \uac70\ubd80\ub420 \ub54c\uae4c\uc9c0 \uacc4\uc18d \uc6b4\uc601\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ud558\uc9c0\ub9cc \uc774 \uae30\uac04\uc740 \uc77c\ub960\uc801\uc774\uc9c0 \uc54a\uc2b5\ub2c8\ub2e4. \ud504\ub791\uc2a4\uc640 \ubab0\ud0c0 \uac19\uc740 \uc77c\ubd80 \uad6d\uac00\uc5d0\uc11c\ub294 18\uac1c\uc6d4\uc758 \uae30\uac04\uc744 \uc804\uccb4 \uae30\uac04\uc73c\ub85c \ucc44\ud0dd\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4. \ub3c5\uc77c\uacfc \ub124\ub35c\ub780\ub4dc\uc640 \uac19\uc740 \ub2e4\ub978 \uad6d\uac00\uc5d0\uc11c\ub294 \ub354 \uc9e7\uc740 \uad6d\uac00 \uae30\ud55c\uc744 \uc124\uc815\ud588\uc73c\uba70, \uc77c\ubd80\ub294 \ube60\ub974\uba74 2025\ub144 \uc911\ubc18\uc5d0 \ub9cc\ub8cc\ub429\ub2c8\ub2e4. \uc774\ub85c \uc778\ud574 \uae30\uc5c5\uc758 \uc6b4\uc601 \ub2a5\ub825\uc774 \ud55c \uad6d\uac00\uc5d0\uc11c \ub2e4\ub978 \uad6d\uac00\ubcf4\ub2e4 \ub354 \ube68\ub9ac \uc885\ub8cc\ub420 \uc218 \uc788\ub294 \ubcf5\uc7a1\ud55c \ud328\uce58\uc6cc\ud06c\uac00 \ubc1c\uc0dd\ud558\uc5ec \uad6d\uacbd\uc744 \ub118\ub294 \ube44\uc988\ub2c8\uc2a4 \ubaa8\ub378\uc774 \ubcf5\uc7a1\ud574\uc9d1\ub2c8\ub2e4. \uc720\ub7fd\uc99d\uad8c\uc2dc\uc7a5\uac10\ub3c5\uccad(ESMA)\uc740 \uc774\ub7ec\ud55c \uc0c1\ud669\uc5d0 \ucc98\ud55c \uae30\uc5c5\ub4e4\uc5d0\uac8c \uc9c8\uc11c \uc788\ub294 \uc0ac\uc5c5 \uc885\ub8cc \uacc4\ud68d\uc744 \uc900\ube44\ud558\ub77c\uace0 \uacbd\uace0\ud588\uc2b5\ub2c8\ub2e4. \ub204\uac00 \uc900\uc218\ud574\uc57c \ud558\ub098\uc694? MiCA\uc758 \uad11\ubc94\uc704\ud55c \ubc94\uc704 MiCA\uc758 \ubc94\uc704\ub294 \uad11\ubc94\uc704\ud558\uc5ec \uc5c5\uacc4 \ucc38\uc5ec\uc790\ub4e4\uc5d0\uac8c \uad11\ubc94\uc704\ud55c \uadf8\ubb3c\uc744 \ub4dc\ub9ac\uc6b0\uace0 \uc788\uc2b5\ub2c8\ub2e4: 1. \uc554\ud638\ud654 \uc790\uc0b0 \uc11c\ube44\uc2a4 \uc81c\uacf5\uc790(CASP): \ub2e4\uc74c\uc744 \ud3ec\ud568\ud558\uc5ec \uc804\ubb38\uc801\uc778 \uc554\ud638\ud654 \uc790\uc0b0 \uc11c\ube44\uc2a4\ub97c \uc81c\uacf5\ud558\ub294 \ubaa8\ub4e0 \ubc95\uc778\uc785\ub2c8\ub2e4: * \uc554\ud638\ud654 \uc790\uc0b0\uc758 \ubcf4\uad00 \ubc0f \uad00\ub9ac * \uac70\ub798 \ud50c\ub7ab\ud3fc(\uac70\ub798\uc18c) \uc6b4\uc601 * \uc554\ud638\ud654 \uc790\uc0b0\uacfc \ubc95\uc815\ud654\ud3d0 \ub610\ub294 \uae30\ud0c0 \uc554\ud638\ud654 \uc790\uc0b0\uc758 \uad50\ud658 * \uace0\uac1d \uc8fc\ubb38\uc758 \uc2e4\ud589 * \uc554\ud638\ud654 \uc790\uc0b0\uc5d0 \ub300\ud55c \uc790\ubb38 * \ud3ec\ud2b8\ud3f4\ub9ac\uc624 \uad00\ub9ac 2. \uc554\ud638\ud654 \uc790\uc0b0 \ubc1c\ud589\uc790: * \uc790\uc0b0 \ucc38\uc870 \ud1a0\ud070(ART) \ubc1c\ud589\uc790: \uc790\uc0b0 \ubc14\uc2a4\ucf13(\uc608: \ud1b5\ud654, \uc0c1\ud488)\uc744 \ucc38\uc870\ud558\uc5ec \uac00\uce58\ub97c \uc548\uc815\ud654\uc2dc\ud0a4\ub294 \ud1a0\ud070. * \uc804\uc790 \ud654\ud3d0 \ud1a0\ud070(EMT) \ubc1c\ud589\uc790: \ub2e8\uc77c \uacf5\uc2dd \ud1b5\ud654(\uc608: \uc720\ub85c \uc2a4\ud14c\uc774\ube14\ucf54\uc778)\uc5d0 \uac00\uce58\ub97c \uace0\uc815\ud558\ub294 \ud1a0\ud070. \uacf5\uc778\ub41c \uc2e0\uc6a9 \uae30\uad00 \ub610\ub294 \uc804\uc790 \ud654\ud3d0 \uae30\uad00\uc5d0\uc11c\ub9cc \ubc1c\ud589\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. * \uae30\ud0c0 \uc554\ud638\ud654 \uc790\uc0b0 \uc81c\uacf5\uc790(\uc608: \uc720\ud2f8\ub9ac\ud2f0 \ud1a0\ud070): \ub300\uc911\uc5d0\uac8c \ud1a0\ud070\uc744 \uc81c\uacf5\ud558\uac70\ub098 EU \ud50c\ub7ab\ud3fc\uc5d0\uc11c \ud1a0\ud070\uc744 \uac70\ub798\ud560 \uc218 \uc788\ub3c4\ub85d \ud5c8\uc6a9\ud558\ub824\ub294 \uacbd\uc6b0. \ub204\uac00 \uc801\uc6a9\ub418\uc9c0 \uc54a\ub098\uc694? MiCA\ub294 \uba85\uc2dc\uc801\uc73c\ub85c \uc81c\uc678\ud569\ub2c8\ub2e4: \uc804\ud1b5\uc801\uc778 \uae08\uc735 \uc0c1\ud488\uc73c\ub85c \ubd84\ub958\ub418\ub294 \uc554\ud638\ud654 \uc790\uc0b0(MiFID II\uc5d0 \ub530\ub77c \uaddc\uc81c\ub428). \ub300\uccb4 \ubd88\uac00\ub2a5\ud55c \ud1a0\ud070(NFT)(\ub2e8, \ub300\uaddc\ubaa8\uc758 \ub300\uccb4 \uac00\ub2a5\ud55c \uc2dc\ub9ac\uc988\ub85c \ubc1c\ud589\ub418\uac70\ub098 \uaddc\uc81c \ub300\uc0c1 \uc790\uc0b0\uacfc \uc720\uc0ac\ud55c \ud2b9\uc131\uc744 \uac00\uc9c4 \ud1a0\ud070\uc740 \uc81c\uc678). \uc2dd\ubcc4 \uac00\ub2a5\ud55c \uc911\uac1c\uc790\uac00 \uc5c6\ub294 \uc644\uc804 \ud0c8\uc911\uc559\ud654 \uae08\uc735(DeFi) \ud504\ub85c\ud1a0\ucf5c. \uc911\uc559 \uc740\ud589 \ubc0f \ud2b9\uc815 \uad6d\uc81c\uae30\uad6c. \uc8fc\uc694 \uc694\uac74: MiCA \uaddc\uc815 \uc900\uc218\uc758 \uae30\ub465 \uc778\uc99d \uacbd\ub85c\ub294 \uc5c4\uaca9\ud558\uba70 \uae30\uc874 \uae08\uc735\uc758 \ud45c\uc900\uc744 \ubc18\uc601\ud569\ub2c8\ub2e4. CASP\uc758 \uacbd\uc6b0 \uc778\uac00: \uad6d\uac00 \uad00\ud560 \ub2f9\uad6d(NCA)\uc73c\ub85c\ubd80\ud130 \ub77c\uc774\uc120\uc2a4\ub97c \ucde8\ub4dd\ud574\uc57c \ud569\ub2c8\ub2e4. \uc2e0\uccad\uc11c\uc5d0\ub294 \uc0c1\uc138\ud55c \uc0ac\uc5c5 \uacc4\ud68d, \uac70\ubc84\ub10c\uc2a4 \uad6c\uc870, \uac15\ub825\ud55c \ub0b4\ubd80 \ud1b5\uc81c\uc5d0 \ub300\ud55c \uc99d\uba85\uc774 \ud544\uc694\ud569\ub2c8\ub2e4. \"\uc801\ud569\uc131 \ubc0f \uc801\uc808\uc131\" \ubc0f EU \ub0b4 \uc874\uc7ac: \uacbd\uc601\uc9c4\uacfc \uc8fc\uc8fc\ub294 \uba74\ubc00\ud55c \uc870\uc0ac\ub97c \ud1b5\uacfc\ud574\uc57c \ud569\ub2c8\ub2e4. CASP\ub294 EU\uc5d0 \ub4f1\ub85d\ub41c \uc0ac\ubb34\uc2e4\uacfc \ucd5c\uc18c \ud55c \uba85\uc758 \ud604\uc9c0 \uac70\uc8fc \uc774\uc0ac\uac00 \uc788\ub294 \ubc95\uc778\uc774\uc5b4\uc57c \ud569\ub2c8\ub2e4. \uc790\ubcf8 \uc694\uac74: \ucd5c\uc18c \uc790\ubcf8\uae08\uc740 \uc790\ubb38 \uc11c\ube44\uc2a4\uc758 \uacbd\uc6b0 5\ub9cc \uc720\ub85c\ubd80\ud130 \uac70\ub798 \ud50c\ub7ab\ud3fc \uc6b4\uc601\uc758 \uacbd\uc6b0 15\ub9cc \uc720\ub85c\uae4c\uc9c0 \uc11c\ube44\uc2a4 \uc720\ud615\uc5d0 \ub530\ub77c \ucc28\ub4f1\ud654\ub418\uc5b4 \uc788\uc2b5\ub2c8\ub2e4. \uace0\uac1d \uc790\uc0b0 \ubcf4\ud638: \uace0\uac1d \uc790\uae08\uacfc \ud68c\uc0ac \uc790\uae08\uc744 \ubd84\ub9ac\ud558\uace0 \ubcf4\uc548\uc744 \ubcf4\uc7a5\ud558\ub294 \uc5c4\uaca9\ud55c \uaddc\uc815\uc774 \uc801\uc6a9\ub429\ub2c8\ub2e4. \ud22c\uba85\uc131 \ubc0f \ud589\ub3d9: \uc815\uc9c1\ud558\uace0 \uacf5\uc815\ud558\uba70 \uc804\ubb38\uc801\uc73c\ub85c \ud589\ub3d9\ud574\uc57c \ud569\ub2c8\ub2e4. \ube44\uc6a9, \uc704\ud5d8 \ubc0f \uc774\ud574 \uc0c1\ucda9\uc5d0 \ub300\ud55c \uba85\ud655\ud55c \uacf5\uac1c\uac00 \uc758\ubb34\ud654\ub418\uc5b4 \uc788\uc2b5\ub2c8\ub2e4. \ub9c8\ucf00\ud305 \ucee4\ubba4\ub2c8\ucf00\uc774\uc158\uc740 \uacf5\uc815\ud558\uace0 \uba85\ud655\ud574\uc57c \ud558\uba70 \uc624\ud574\uc758 \uc18c\uc9c0\uac00 \uc5c6\uc5b4\uc57c \ud569\ub2c8\ub2e4. \ud1a0\ud070 \ubc1c\ud589\uc790(ARTS, EMT \ub4f1)\uc758 \uacbd\uc6b0: \ubc31\uc11c \uc758\ubb34: \uc758\ubb34\uc801\uc73c\ub85c \uc0c1\uc138\ud55c \uc554\ud638\ud654 \uc790\uc0b0 \ubc31\uc11c\ub97c \ubc1c\ud589\ud558\uace0 \uaddc\uc81c \ub2f9\uad6d\uc5d0 \uc2e0\uace0\ud574\uc57c \ud569\ub2c8\ub2e4. \ubc31\uc11c\ub294 \ud22c\uc790\uc790\ub97c \uc704\ud55c \uc8fc\uc694 \uacf5\uc2dc \ubb38\uc11c\ub85c, \ubc1c\ud589\uc790\ub294 \ubc31\uc11c\uc758 \uc815\ud655\uc131\uc5d0 \ub300\ud55c \ucc45\uc784\uc744 \uc9d1\ub2c8\ub2e4. \uc774\uc81c \ubc31\uc11c\ub294 \uae30\uacc4 \ud310\ub3c5\uc774 \uac00\ub2a5\ud55c iXBRL \ud615\uc2dd\uc73c\ub85c \uac8c\uc2dc\ud574\uc57c \ud569\ub2c8\ub2e4. \uc900\ube44\uae08 \uc694\uac74(\uc2a4\ud14c\uc774\ube14\ucf54\uc778\uc758 \uacbd\uc6b0): EMT\uc640 ART\ub294 \ubc18\ub4dc\uc2dc \ubcc4\ub3c4\ub85c \ubcf4\uc720\ud55c \uace0\ud488\uc9c8\uc758 \uc720\ub3d9\uc131 \uc900\ube44\uae08\uc73c\ub85c \uc644\uc804\ud788 \ub4b7\ubc1b\uce68\ub418\uc5b4\uc57c \ud569\ub2c8\ub2e4. ART\ub294 \uc900\ube44\uae08 \uad6c\uc131\uacfc \uac70\ubc84\ub10c\uc2a4\uc5d0 \ub300\ud574 \ud2b9\ud788 \uc5c4\uaca9\ud55c \uaddc\uce59\uc774 \uc801\uc6a9\ub429\ub2c8\ub2e4. \uc0c1\ud658 \uad8c\ub9ac: EMT\uc640 ART \ubcf4\uc720\uc790\ub294 \uaddc\uc815\uc5d0\uc11c \uc815\ud55c \uc870\uac74\uc5d0 \ub530\ub77c \uc5b8\uc81c\ub4e0\uc9c0 \ud1a0\ud070\uc744 \uc0c1\ud658\ud560 \uc218 \uc788\ub294 \ubc95\uc801 \uad8c\ub9ac\uac00 \uc788\uc2b5\ub2c8\ub2e4. \uc54c\uace0\ub9ac\uc998 \uc2a4\ud14c\uc774\ube14\ucf54\uc778\uc740 \uae08\uc9c0\ub429\ub2c8\ub2e4: MiCA\ub294 \uc801\uc808\ud55c \uc790\uc0b0 \ub4b7\ubc1b\uce68\uc774 \uc5c6\ub294 \uc54c\uace0\ub9ac\uc998 \uc2a4\ud14c\uc774\ube14\ucf54\uc778\uc744 \uc778\uc815\ud558\uc9c0 \uc54a\uc73c\ubbc0\ub85c \uc0ac\uc2e4\uc0c1 EU\uc5d0\uc11c \uc54c\uace0\ub9ac\uc998 \uc2a4\ud14c\uc774\ube14\ucf54\uc778\uc758 \uc81c\uacf5\uc774 \uae08\uc9c0\ub429\ub2c8\ub2e4. \uae00\ub85c\ubc8c \ub9ac\ud50c \ud6a8\uacfc: \uc0ac\uc2e4\uc0c1\uc758 \ud45c\uc900\uc73c\ub85c\uc11c\uc758 MiCA MiCA\ub294 EU \uaddc\uc815\uc774\uc9c0\ub9cc, '\ud328\uc2a4\ud3ec\ud305' \uc6d0\uce59\uacfc \uc5ed\uc678 \uc801\uc6a9 \ubc94\uc704\ub85c \uc778\ud574 \uadf8 \uc601\ud5a5\ub825\uc740 \uc804 \uc138\uacc4\uc5d0 \ubbf8\uce69\ub2c8\ub2e4. EU\uc5d0\uc11c \uc2b9\uc778\ub41c CASP\ub294 4\uc5b5 5\ucc9c\ub9cc \uba85\uc758 \uc7a0\uc7ac \uace0\uac1d\uc5d0 \uc811\uadfc\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ubc18\ub300\ub85c \ube44EU \uae30\uc5c5\uc740 \uaddc\uc81c \ub2f9\uad6d\uc774 \uba74\ubc00\ud788 \ubaa8\ub2c8\ud130\ub9c1\ud558\uace0 \uc788\ub294 \uc881\uc740 \uc608\uc678 \uc870\ud56d\uc778 \"\uc5ed\uc720\uc778\"(\uace0\uac1d\uc758 \ub3c5\uc810\uc801 \uc8fc\ub3c4\ub85c)\uc744 \ud1b5\ud574\uc11c\ub9cc EU \uace0\uac1d\uc5d0\uac8c \uc11c\ube44\uc2a4\ub97c \uc81c\uacf5\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ub610\ud55c MiCA\ub294 \ubca4\uce58\ub9c8\ud06c\ub97c \uc124\uc815\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4. \uc601\uad6d\uc5d0\uc11c \uc2e0\ud765 \uc2dc\uc7a5\uc5d0 \uc774\ub974\uae30\uae4c\uc9c0 \ub2e4\ub978 \uad00\ud560\uad8c\uc5d0\uc11c\ub294 \uc790\uccb4 \ud504\ub808\uc784\uc6cc\ud06c\ub97c \ub9cc\ub4e4\uba74\uc11c \uc774 \uaddc\uc815\uc758 \uc2dc\ud589\uc744 \uc9c0\ucf1c\ubcf4\uace0 \uc788\uc2b5\ub2c8\ub2e4. EU\ub294 \ud3ec\uad04\uc801\uc778 \ub9de\ucda4\ud615 \uc554\ud638\ud654\ud3d0 \uaddc\uc81c\ub97c \uc81c\uc815\ud558\ub294 \ucd5c\ucd08\uc758 \uc8fc\uc694 \uad00\ud560\uad8c\uc73c\ub85c \uc790\ub9ac \uc7a1\uc558\uc73c\uba70, \uc7a0\uc7ac\uc801\uc73c\ub85c \uaddc\uc81c \ucca0\ud559\uc744 \uc804 \uc138\uacc4\ub85c \uc218\ucd9c\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. 2026\ub144 7\uc6d4\ub85c \uac00\ub294 \uae38: \ub3c4\uc804 \uacfc\uc81c\uc640 \uc2dc\uc7a5 \ud1b5\ud569 \uaddc\uc815 \uc900\uc218 \ubd80\ub2f4\uc740 \uc0c1\ub2f9\ud569\ub2c8\ub2e4. \uc2b9\uc778 \uc808\ucc28\ub294 \uae38\uace0 \ube44\uc6a9\uc774 \ub9ce\uc774 \ub4e4\uba70, \ubc95\ub960 \ubc0f \uc6b4\uc601\uc0c1\uc758 \ub300\ub300\uc801\uc778 \ud601\uc2e0\uc774 \ud544\uc694\ud569\ub2c8\ub2e4. ESMA\uc758 \uc911\uac04 \ub4f1\ub85d\uc5d0 \ub530\ub974\uba74 \uc9c0\uae08\uae4c\uc9c0 \uc720\ub7fd \uc804\uc5ed\uc5d0\uc11c \ubc1c\uae09\ub41c CASP \ub77c\uc774\uc120\uc2a4\ub294 \uc57d 130~140\uac1c\uc5d0 \ubd88\uacfc\ud558\uba70, \uc774\ub294 \uc774\uc804\uc5d0 \uc218\ucc9c \uac1c\uc758 \ubc95\uc778\uc774 \uc6b4\uc601\ub418\ub358 \uac83\uacfc\ub294 \uadf9\uba85\ud55c \ub300\uc870\ub97c \uc774\ub8f9\ub2c8\ub2e4. \uc774\ub7ec\ud55c \ub192\uc740 \uc7a5\ubcbd\uc740 \uc2dc\uc7a5 \ud1b5\ud569\uc744 \ucd09\uc9c4\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4. \uc18c\uaddc\ubaa8 \uc2a4\ud0c0\ud2b8\uc5c5\uacfc \ud50c\ub7ab\ud3fc\uc740 \ucee8\uc124\ud134\ud2b8, \uc2dc\uc2a4\ud15c \uc5c5\uadf8\ub808\uc774\ub4dc, \uc9c0\uc18d\uc801\uc778 \ubcf4\uace0\ub97c \uc704\ud574 \uc9c0\uc18d \ubd88\uac00\ub2a5\ud55c \ube44\uc6a9\uc5d0 \uc9c1\uba74\ud574 \uc788\uc2b5\ub2c8\ub2e4. \ub9ce\uc740 \uae30\uc5c5\uc774 \ud569\ubcd1, EU \uc6b4\uc601 \uc911\ub2e8 \ub610\ub294 \uc774\uc804\uc744 \uc120\ud0dd\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4. \uadf8 \uacb0\uacfc \uc720\ub7fd \uc554\ud638\ud654\ud3d0 \uc2dc\uc7a5\uc740 \uc790\ubcf8\ub825\uc744 \uac16\ucd98 \ub300\ud615 \uc5c5\uccb4\ub4e4\uc774 \uc9c0\ubc30\ud558\ub294 \ub354\uc6b1 \uc9d1\uc911\ub418\uace0 \uc81c\ub3c4\ud654\ub41c \uc2dc\uc7a5\uc774 \ub420 \uac00\ub2a5\uc131\uc774 \ub192\uc2b5\ub2c8\ub2e4. 2026\ub144 \uc774\ud6c4: \uc9c4\ud654\ud558\ub294 \uaddc\uc81c \ud658\uacbd MiCA\ub294 \uc774\uc57c\uae30\uc758 \ub05d\uc774 \uc544\ub2d9\ub2c8\ub2e4. MiCA\ub294 \ub2e4\ub978 \uc8fc\uc694 EU \uaddc\uc815\uacfc \ud568\uaed8 \uc6b4\uc601\ub418\uba70 \ubcf4\uc644\ub420 \uac83\uc785\ub2c8\ub2e4: \uc790\uae08 \uc774\uc804 \uaddc\uc815(TFR): 2024\ub144 12\uc6d4\ubd80\ud130 \uc2dc\ud589\ub418\ub294 \uc774 \uaddc\uc815\uc740 \uc554\ud638\ud654\ud3d0 \uc1a1\uae08 \uc2dc \ubc1c\uc2e0\uc790\uc640 \uc218\ucde8\uc778 \uc815\ubcf4\ub97c \uc218\uc9d1\ud558\uace0 \uacf5\uc720\ud558\ub3c4\ub85d \uc694\uad6c\ud558\ub294 EU\uc758 '\uc5ec\ud589 \uaddc\uce59'\uc785\ub2c8\ub2e4. \uc790\uae08 \uc138\ud0c1 \ubc29\uc9c0 \uaddc\uc815(AMLR): 2027\ub144 7\uc6d4\uc5d0 \uc801\uc6a9\ub420 \uc608\uc815\uc778 \uc774 \uaddc\uc815\uc740 AML\/CFT \uaddc\uc815\uc744 \ub354\uc6b1 \uc870\ud654\uc2dc\ud0a4\uace0, \uc77c\ubd80 \uae30\uc5c5\uc5d0 \ub300\ud574\uc11c\ub294 \uc0c8\ub85c\uc6b4 \uc790\uae08\uc138\ud0c1\ubc29\uc9c0 \ub2f9\uad6d(AMLA)\uc774 \uc9c1\uc811 \uac10\ub3c5\uc744 \uc2e4\uc2dc\ud560 \uc608\uc815\uc785\ub2c8\ub2e4. \ub370\uc774\ud130 \ubcf4\uace0(DAC8\/CARF): 2026\ub144 1\uc6d4\ubd80\ud130 CASP\ub294 EU \uc804\uc5ed\uc758 \uc138\ubb34 \ub2f9\uad6d\uacfc \uc790\ub3d9 \uad50\ud658\uc744 \uc704\ud574 \ub370\uc774\ud130\ub97c \uc218\uc9d1\ud574\uc57c \ud569\ub2c8\ub2e4. \uacb0\ub860: MiCA \uaddc\uc815\uc758 \uc801\uc751 \ub610\ub294 \ud1f4\ucd9c\uc740 \uc554\ud638\ud654\ud3d0\uc758 '\uc11c\ubd80 \uac1c\ucc99\uc2dc\ub300'\uc5d0\uc11c \uc81c\ub3c4\ud654 \ubc0f \uac10\ub3c5 \uc2dc\ub300\ub85c\uc758 \uadfc\ubcf8\uc801\uc778 \uc804\ud658\uc744 \uc758\ubbf8\ud569\ub2c8\ub2e4. 2026\ub144 7\uc6d4 1\uc77c\ub85c \ub2e4\uac00\uc628 \uce74\uc6b4\ud2b8\ub2e4\uc6b4\uc740 \ud611\uc0c1\uc758 \uc5ec\uc9c0\uac00 \uc5c6\ub294 \uc5b4\ub824\uc6b4 \ub9c8\uac10\uc77c\uc785\ub2c8\ub2e4. \uae30\uc5c5\uc5d0\uac8c \uc788\uc5b4 \uc120\ud0dd\uc740 \ubd84\uba85\ud569\ub2c8\ub2e4. \uc644\uc804\ud55c \uaddc\uc815 \uc900\uc218\ub97c \uc704\ud55c \uae4c\ub2e4\ub86d\uc9c0\ub9cc \uccb4\uacc4\uc801\uc778 \uc5ec\uc815\uc744 \uc2dc\uc791\ud558\uac70\ub098 \uc720\ub7fd \uc2dc\uc7a5\uc5d0\uc11c \uc9c8\uc11c \uc788\uac8c \ud1f4\ucd9c\ud560 \uc900\ube44\ub97c \ud558\uc138\uc694. MiCA\uc758 \uc57d\uc18d\uc740 \ucc45\uc784\uac10 \uc788\ub294 \ud601\uc2e0\uc744 \ucd09\uc9c4\ud558\ub294 \ub354 \uc548\uc804\ud558\uace0 \ud22c\uba85\ud558\uba70 \uc548\uc815\uc801\uc778 \uc554\ud638\ud654\ud3d0 \uc0dd\ud0dc\uacc4\ub97c \uc870\uc131\ud558\ub294 \uac83\uc785\ub2c8\ub2e4. \uc774 \uc57d\uc18d\uc758 \ub300\uac00\ub294 \uacbd\uc7c1 \ud658\uacbd\uc744 \uc7ac\ud3b8\ud560 \uc5c4\uaca9\ud55c \uaddc\uc815 \uc900\uc218 \uccb4\uc81c\uc785\ub2c8\ub2e4. \uc804 \uc138\uacc4 \uc554\ud638\ud654\ud3d0 \uc2dc\uc7a5\uc774 \uc9c0\ucf1c\ubcf4\ub294 \uac00\uc6b4\ub370, \uc720\ub7fd\uc740 \ub514\uc9c0\ud138 \uc790\uc0b0\uc5d0 \ub300\ud55c \uc0c8\ub85c\uc6b4 \uaddc\uc81c\uc758 \uccab \uc7a5\uc744 \uc4f0\uace0 \uc788\uc2b5\ub2c8\ub2e4.<\/p>","protected":false},"excerpt":{"rendered":"<p>MiCA Regulation: The Countdown to July 2026 and What It Means for the Global Crypto Market The European Union\u2019s Markets in Crypto-Assets (MiCA) Regulation is no longer a future concept\u2014it is the present reality. As the final deadline of July 1, 2026 approaches, the global crypto industry is facing its most significant regulatory upheaval yet. [&hellip;]<\/p>","protected":false},"author":1,"featured_media":4346,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[34],"tags":[],"class_list":["post-4347","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-knowledge"],"_links":{"self":[{"href":"https:\/\/theexchain.com\/ko\/wp-json\/wp\/v2\/posts\/4347","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/theexchain.com\/ko\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theexchain.com\/ko\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theexchain.com\/ko\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/theexchain.com\/ko\/wp-json\/wp\/v2\/comments?post=4347"}],"version-history":[{"count":0,"href":"https:\/\/theexchain.com\/ko\/wp-json\/wp\/v2\/posts\/4347\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theexchain.com\/ko\/wp-json\/wp\/v2\/media\/4346"}],"wp:attachment":[{"href":"https:\/\/theexchain.com\/ko\/wp-json\/wp\/v2\/media?parent=4347"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theexchain.com\/ko\/wp-json\/wp\/v2\/categories?post=4347"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theexchain.com\/ko\/wp-json\/wp\/v2\/tags?post=4347"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}