---
title: "MiCA (Markets in Crypto-Assets Regulation)"
url: "https://www.unknowngravity.com/en/glosario/mica-reglamento-criptoactivos"
site: Unknown Gravity
published: "2026-05-31T13:41:05+00:00"
modified: "2026-07-30T15:43:02+00:00"
language: en-US
description: "MiCA (Regulation (EU) 2023/1114, Markets in Crypto-Assets) establishes a harmonized EU framework for the issuance, offer to the public and admission to trading of crypto-assets, as well as for the…"
section: "Home > MiCA (Markets in Crypto-Assets Regulation)"
---

# MiCA (Markets in Crypto-Assets Regulation)

GLOSSARY · BLOCKCHAIN & WEB3

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

WHAT IS IT? · FOR 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](https://www.unknowngravity.com/en/articulos/casp-license-spain-mica)**) establishes a harmonized 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.

## 01 / 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)).

This entry is informative. It is not legal, tax or investment advice. The rules cited change: check the current version on [BOE](https://www.boe.es) and [EUR-Lex](https://eur-lex.europa.eu).