MiCA (MiCA)
The EU Markets in Crypto-Assets Regulation, regulating crypto-asset issuers and service providers across the EU.
Overview
MiCA covers e-money tokens, asset-referenced tokens and other crypto-assets, and licenses crypto-asset service providers. It sets reserve, redemption, disclosure, governance and conduct requirements, with supervision by national authorities and the EBA and ESMA for significant issuers.
As regulation it is binding and specific, and it is the layer most directly mapped to controls. The authorities most closely connected to it are ESMA and EBA.
Check the official sources below for legal scope, applicable dates and exceptions. This entry is an explanatory reference, not legal advice.
Why it matters
It gives crypto firms a single EU licence, and a demanding rulebook to go with it.
Who it affects
Stablecoin issuers, exchanges, custodians and other CASPs in the EU.
Where it sits
Ten linked steps connect where you operate to the proof that you complied.
- 01Jurisdiction
- 02Industry
- 03Activity
- 04Authority
- 05Regulation
- 06Requirement
- 07Guidance
- 08Control
- 09Evidence
- 10Enforcement
Connections
The terms most closely tied to MiCA. Select one to open it.
What to do about it
- 1Confirm whether you are in scope: who it covers, which activities and where.
- 2Break it into testable requirements.
- 3Map each requirement to a control and an owner.
- 4Track amendments, implementing rules and guidance.
- 5Keep sealed evidence for every control run.
From requirement to evidence.
MiCA obligations are mapped to reserve, redemption and custody controls tested on chain data.
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