EU Markets in Crypto-Assets Regulation (MiCA)
MiCA - CASP Authorisation and General Obligations (Title V Ch 1-3)

EU Markets in Crypto-Assets Regulation (MiCA) MiCA-Art.66_67_68_69_70: CASP general obligations - conduct, prudential, governance, information, safekeeping (Articles 66-70)

Article 66 imposes the duty to act honestly, fairly and professionally in the best interests of clients. Article 67 imposes prudential safeguards: CASPs must hold at all times own funds at least equal to the higher of (a) the Class 1/2/3 minimum capital floor per Annex IV (Class 1 = EUR 50,000; Class 2 = EUR 125,000; Class 3 = EUR 150,000) or (b) a quarter of the previous year's fixed overheads. Article 68 sets governance arrangements. Article 69 requires CASPs to notify competent authorities of certain information. Article 70 imposes safekeeping of client crypto-assets + funds with segregation from CASP own holdings, with bankruptcy-remoteness implications.

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