Markets in Crypto-Asset Regulation
MiCA regulation is here. Is your firm ready?
What is MiCA?
The EU passed the Markets in Crypto-Assets Regulation (MiCA) which went into effect in 2024. The monumental vote set global standards by establishing a regulatory framework that covers crypto-assets, crypto-assets issuers, and crypto-asset service providers.
MiCA defines crypto assets as digital representations of value or rights that may be transferred and stored electronically. According to MiCA, crypto assets can be grouped into three categories:
- Utility Tokens
- Asset-Referenced Tokens (ARTs)
- Electronic Money Tokens (EMTs)
The European Securities and Markets Authority (ESMA)
The ESMA introduced MiCA to institute uniform EU market rules for crypto-assets. As the new legal framework which will support market integrity and financial stability by regulating public offers of crypto assets.
Learn MoreWhat Firms Need to Be Prepared?
Firms Trading EU Issued Crypto-Assets
Digital-Asset Exchanges and Marketplaces
Market Regulators in the EU
Is Your Firm Compliant with MiCA Regulations?
Achieving compliance can be complex. Our diagnostic can offer real time insight and next steps to make sure you are on the right track.
Take the DiagnosticImportant Dates to Remember
What's Next?
With MiCA now in full effect, CASPs and Crypto Market Participants should focus on full compliance to reduce risk and ensure a smooth implementation.
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