The Markets in Crypto Assets, or the MiCA regulation, is a regulatory compliance framework that sets rules for various digital platforms that handle cryptocurrency assets (such as crypto exchanges or wallet providers). It’s one of the main digital asset licensing regimes in the EU, establishing a unified classification for cryptocurrencies. MiCA was approved by a majority of votes in the European Parliament in April 2023 and is expected to attract more crypto operators and users to the market.
MiCA Regulation
Frequently asked questions
What Does MiCA Cover?
It applies to crypto-assets that are not covered by existing financial services laws. For example, MiCA covers payment tokens (which are used for payments or can be traded for other tokens), utility tokens (which grant access to goods or services), and e-money tokens (which are used for electronic payments backed by fiat currencies).
What is the Main Goal of the MiCA Regulation?
What are Crypto Asset Service Providers (CASPs)?
Who are Affected by the MiCA Regulation?
Does MiCA Apply to Non-EU Crypto Platforms?
How Does MiCA Benefit Crypto Service Providers?
What is the European Blockchain Partnership?