{"object_type":"business_agent","schema_version":1,"title":"MiCA authorisation of asset-referenced token issuers","core":{"id":"agent:eu:business:mica-asset-referenced-token","jurisdiction":"eu","domain":"financial","question":"What is required to issue an asset-referenced token in the EU?","affected_business":["Crypto-asset offeror"],"applies_when":"Issuers that offer to the public or seek admission to trading of an asset-referenced token.","decision":"Yes, the issuer must be authorised under Article 21 or be a credit institution meeting Article 17.","obligation":"Apply for authorisation, include an approved crypto-asset white paper and hold a reserve of assets.","action":["Check the Article 16(2) exemptions","Prepare the application and white paper","Set up the reserve of assets","Await authorisation"],"deadline":"Before the offer to the public or the admission to trading.","sources":[{"provision":"MiCA Art. 16","url":"https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32023R1114"},{"provision":"MiCA Art. 18","url":"https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32023R1114"},{"provision":"MiCA Art. 36","url":"https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32023R1114"},{"provision":"MiCA Art. 111(3)","url":"https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32023R1114"}],"read_at":"2026-10-15"},"sha256":"cc36afb1f089358abfbe6908d98f28df3d5df16bc348e3852a2c1c5bc0c6f034","fields":["affected_business","decision","obligation","risk","action","deadline","verification"],"affected_business":["Crypto-asset offeror"],"applies_when":"Issuers that offer to the public or seek admission to trading of an asset-referenced token.","decision":"Yes, the issuer must be authorised under Article 21 or be a credit institution meeting Article 17.","obligation":"Apply for authorisation, include an approved crypto-asset white paper and hold a reserve of assets.","risk":{"risk_level":"critical","risk_factors":["fine_cap_pct_turnover"]},"action":["Check the Article 16(2) exemptions","Prepare the application and white paper","Set up the reserve of assets","Await authorisation"],"deadline":"Before the offer to the public or the admission to trading.","verification":{"sha256":"cc36afb1f089358abfbe6908d98f28df3d5df16bc348e3852a2c1c5bc0c6f034","read_at":"2026-10-15","sources":["https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32023R1114","https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32023R1114","https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32023R1114","https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32023R1114"],"source":"Source: NovaCopilot"},"next_questions":["How must the reserve of assets be held?","When must a listed company disclose a cyber incident?","Must a non-bank financial firm report a data breach to the FTC?","What must a financial entity report after a major ICT incident?","What is needed before offering a crypto-asset to the public in the EU?"],"related":[{"id":"agent:eu:business:aml-customer-due-diligence","type":"business_agent","url":"https://legal.exploreworldai.com/api/public/v1/business-agent?id=agent:eu:business:aml-customer-due-diligence"},{"id":"agent:eu:business:aml-suspicious-transaction-report","type":"business_agent","url":"https://legal.exploreworldai.com/api/public/v1/business-agent?id=agent:eu:business:aml-suspicious-transaction-report"},{"id":"agent:eu:business:dora-ict-incident","type":"business_agent","url":"https://legal.exploreworldai.com/api/public/v1/business-agent?id=agent:eu:business:dora-ict-incident"},{"id":"agent:eu:business:mica-casp-authorisation","type":"business_agent","url":"https://legal.exploreworldai.com/api/public/v1/business-agent?id=agent:eu:business:mica-casp-authorisation"},{"id":"agent:eu:business:mica-e-money-token","type":"business_agent","url":"https://legal.exploreworldai.com/api/public/v1/business-agent?id=agent:eu:business:mica-e-money-token"},{"id":"agent:eu:business:mica-white-paper","type":"business_agent","url":"https://legal.exploreworldai.com/api/public/v1/business-agent?id=agent:eu:business:mica-white-paper"},{"id":"agent:us:business:glba-safeguards-notice","type":"business_agent","url":"https://legal.exploreworldai.com/api/public/v1/business-agent?id=agent:us:business:glba-safeguards-notice"},{"id":"agent:us:business:sec-cyber-incident","type":"business_agent","url":"https://legal.exploreworldai.com/api/public/v1/business-agent?id=agent:us:business:sec-cyber-incident"}],"related_count":8,"page":"https://legal.exploreworldai.com/en/business-agents/eu-mica-asset-referenced-token","version":"cc36afb1f089358a","updated_at":"2026-10-15","first_published":"2026-10-15","changes_url":"https://legal.exploreworldai.com/api/public/v1/business-agent-changes","note":"Not legal advice. Verify each answer against the cited provision. Missing facts are not_in_register.","attribution":"Source: NovaCopilot","versions":{"model":"1.0","agent_version":"150aabbce792714c","risk_version":"12609cfd5264ea25","decision_version":"657d3b3a1b2e271e","package_version":"e1b16760d2bc919a","change_score":0.25,"changed_dimensions":["package"],"changed_at":"2026-10-15","verified_at":"2026-10-15","next_check":"2026-10-22","is_current":true,"supersedes":[{"dimension":"package","version":"1d62bb5ea6ffd73f","until":"2026-10-15"}],"verify_url":"https://legal.exploreworldai.com/api/public/v1/versions/verify?id=agent%3Aeu%3Abusiness%3Amica-asset-referenced-token","changes_url":"https://legal.exploreworldai.com/api/public/v1/living-versions","note":"change_score measures freshness only, never ranking.","impact":"not_in_register"},"withheld":{"links_full":8,"risk_model":3},"access":{"status":"partner_key_required","header":"x-partner-key","contact":"https://legal.exploreworldai.com/kontakt","note":"Facts and counts are public. Relationships and decision paths stay inside NovaCopilot."},"access_class":"decision","access_view":"public","freshness":{"freshness_class":"live","as_of":"2026-11-03T22:19:46.339Z","valid_for":3600,"recheck":"https://legal.exploreworldai.com/api/public/v1/business-agent?id=agent%3Aeu%3Abusiness%3Amica-asset-referenced-token","note":"Kontrollera mot recheck efter valid_for sekunder. If-None-Match ger 304 när inget ändrats.","tokens":1740}}