Stablecoins: the challenges post-MiCA
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The "stablecoins" aspect of MiCA comes into force on 30 June. Lawyer Emilien Bernard-Alzias, a partner at Simmons & Simmons, believes that while some points remain unclear, this new regulation will have a considerable impact on the sector in the EU.

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Emilien Bernard-Alzias

Emilien Bernard-Alzias is a Partner at Simmons & Simmons LLP in Paris, specialising in financial and insurance regulatory matters. His practice covers asset management, banking, and insurance regulation, with a focus on the offering of financial and insurance products, provision of investment services, and FinTech initiatives. He advises investment service providers, management companies, banks, insurance companies, brokers, payment service providers, and crypto-asset service providers. He is ranked Band 2 in FinTech Legal for France by Chambers and listed as a Next Generation Partner in Banking and Finance: Bank Regulatory by Legal 500, which specifically notes the firm's crypto and MiCA regulation knowledge.

Bernard-Alzias has specific experience in licensing and authorisation processes before the ACPR (including the ECB) and the AMF, and assists clients in the context of supervisory audits. His work in digital assets includes advising on blockchain, crypto-currencies, ICOs, and MiCA regulation, as well as assisting high-profile cryptocurrency businesses with geographical expansion, licensing, and government investigations. He joined Simmons & Simmons in 2011, having previously worked at Edmond de Rothschild's legal department. He holds a Master's degree and a DJCE in business law from Aix-Marseille University, and was admitted to the Paris Bar in 2011.

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