The Crypto Asset Market Regulation Act (MiCA) will be fully implemented across the European Union on December 30, 2024. Marina Markezic, co-founder of the European Crypto Initiative (EUCI), said that the regulation could cause "quite a bit of confusion" in its implementation, which will lead to challenges in regulatory consistency due to differences in the interpretation of the regulations by the 27 member states of the European Union. There is also considerable uncertainty in determining which projects and assets fall under the scope of MiCA supervision. In particular, there is still controversy about which can be considered "fully decentralized". In addition, there is no consensus on the definition of NFTs within the industry, which also leads to ambiguity whether some tokens are regulated by MiCA.