MiCA
MiCA: Regulation (EU) 2023/1114 · CELEX 32023R1114 · Applies from 2024-12-30
Summary
- What is MiCA?
- The EU regulation on markets in crypto-assets.
- Who is covered?
- Issuers of crypto-assets and crypto-asset service providers in the EU.
- When does it apply?
- Applies in stages: asset-referenced and e-money token rules from June 2024, remaining requirements from December 2024.
- What are the main obligations?
- Authorisation and white paper for issuers (art. 16), reserve requirements (art. 48), authorisation for service providers (art. 59 and 66) and consumer protection.
- What are the most common risks?
- Operating without authorisation, insufficient reserves and inadequate disclosure. Penalties and licence withdrawal under art. 111.
- Which judgments affect the interpretation?
- No case law yet; ESMA and national supervisors provide ongoing guidance.
What changed today?
No real changes in the last day. Last checked 2026-10-16.
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