MiCA (Markets in Crypto-Assets Regulation)

MiCA is the European regulation governing the issuance of and services related to crypto-assets across the EU.

What is it? - Dummies

MiCA works like the traffic rules for the crypto world in Europe: it sets the same signs and standards in every country so everyone drives the same way. Before, each country did its own thing; now there is a single common code for issuing coins and offering crypto services. Its goal is to protect users and give companies legal certainty.

What is it? - PRO

MiCA (Regulation (EU) 2023/1114, Markets in Crypto-Assets) establishes a harmonised EU framework for the issuance, offer to the public and admission to trading of crypto-assets, as well as for the provision of services relating to them. It distinguishes three categories: asset-referenced tokens (ART), e-money tokens (EMT) and other crypto-assets.

Under Article 2(4), MiCA does not apply to crypto-assets that qualify as financial instruments within the meaning of MiFID II Directive 2014/65/EU; in that case, securities markets law applies rather than MiCA.

Key points

A regulation directly applicable in all EU Member States.
Governs crypto-asset issuers and service providers (CASPs).
Three categories: ART, EMT and other crypto-assets.
Does not apply to crypto-assets that are financial instruments under MiFID II (Art. 2(4)).

Advantages

Disadvantages

Related Concepts

Related Services

From Spain to the World

Calle peatonal con farolas alineadas y edificios clásicos a ambos lados, con una torre blanca al fondo.

HEADQUARTERS

C. Marqués de Larios, 4
29005 - Malaga

Cuatro personas sentadas en sillas de mimbre en un patio con paredes de ladrillo y una hamaca.

LABS

C. La Gitanilla, 17
29004 - Malaga

INNOVATION LEADERS

Contact us

WE WILL HELP YOU

Request a free consultation to learn about our solutions

Your information is submitted succesfully!

We will get in touch with you through the email you provided in the form.

Oops! Something went wrong while sending the message.