EU Markets in Crypto-Assets Regulation (MiCA)
The Markets in Crypto-Assets Regulation (Regulation 2023/1114 — MiCA), applicable from December 30, 2024 (with earlier dates for stablecoins), establishes a comprehensive EU regulatory framework for crypto-assets not covered by existing financial services legislation. MiCA covers issuance and trading of crypto-assets, stablecoins (ARTs and EMTs), and crypto-asset service providers (CASPs). Supervised by national competent authorities with EBA and ESMA coordination. First comprehensive crypto regulation globally.
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Framework Domains (8)
Asset-Referenced Tokens (ARTs)
Title III: Authorization and governance for ARTs (Articles 16-47)
| Code | Title |
|---|---|
| MICA-ART16 | ART Authorization Requirement |
| MICA-ART27 | ART Issuer Conduct |
| MICA-ART32 | ART Conflicts of Interest |
| MICA-ART34 | ART Governance |
| MICA-ART35 | ART Own Funds |
| MICA-ART36 | Reserve of Assets |
| MICA-ART39 | ART Right of Redemption |
| MICA-ART40 | ART No Interest |
CASP Requirements
Crypto-asset service provider obligations
CASP Service-Specific Obligations
Title V Chapter 3: Specific requirements per service type (Articles 75-82)
| Code | Title |
|---|---|
| MICA-ART75 | Custody and Administration |
| MICA-ART76 | Trading Platform Operation |
| MICA-ART78 | Order Execution |
| MICA-ART81 | Advice and Portfolio Management |
Crypto-Asset Issuance
Requirements for issuing crypto-assets and stablecoins
| Code | Title |
|---|---|
| EU-MICA-CI-01 | White Paper Requirements |
| EU-MICA-CI-02 | Asset-Referenced Tokens (ARTs) |
| EU-MICA-CI-03 | E-Money Tokens (EMTs) |
Crypto-Asset Offers and White Papers
Title II: Requirements for offers to the public and admission to trading (Articles 4-15)
| Code | Title |
|---|---|
| MICA-ART13 | Right of Withdrawal |
| MICA-ART14 | Offeror Obligations |
| MICA-ART15 | White Paper Liability |
| MICA-ART4 | White Paper Obligation |
| MICA-ART6 | White Paper Content |
| MICA-ART7 | Marketing Communications |
Crypto-Asset Service Providers (CASPs)
Title V Chapters 1-2: CASP authorization and general obligations (Articles 59-74)
| Code | Title |
|---|---|
| MICA-ART59 | CASP Authorization Requirement |
| MICA-ART66 | CASP Conduct Requirements |
| MICA-ART67 | CASP Prudential Safeguards |
| MICA-ART68 | CASP Governance |
| MICA-ART70 | Client Asset Safekeeping |
| MICA-ART72 | CASP Conflicts of Interest |
E-Money Tokens (EMTs)
Title IV: EMT issuance requirements (Articles 48-58)
| Code | Title |
|---|---|
| MICA-ART48 | EMT Authorization |
| MICA-ART49 | EMT Par Value Redeemability |
| MICA-ART50 | EMT No Interest |
| MICA-ART54 | EMT Fund Investment |
Market Abuse Prevention
Title VI: Prevention and detection of market abuse (Articles 86-92)
| Code | Title |
|---|---|
| Art. 87 | Administrative Fines |
| Art. 89 | Right to privacy in video surveillance at work |
| Art. 91 | Prohibition of market manipulation |
| Art. 92 | Medical Records |
| MICA-ART88 | Inside Information Disclosure |
| MICA-ART89 | Prohibition of Insider Dealing |
| MICA-ART91 | Prohibition of Market Manipulation |
| MICA-ART92 | Market Abuse Detection |
Maps to 513 other frameworks
Frequently Asked Questions
What is EU Markets in Crypto-Assets Regulation (MiCA)?
EU Markets in Crypto-Assets Regulation (MiCA) is a compliance framework from European Union with 8 domains and 39 controls. The Markets in Crypto-Assets Regulation (Regulation 2023/1114 — MiCA), applicable from December 30, 2024 (with earlier dates for stablecoins), establishes a comprehensive EU regulatory framework for crypto-assets not covered by existing financial services legislation. MiCA covers issuance and trading of crypto-assets, stablecoins (ARTs and EMTs), and crypto-asset service providers (CASPs). Supervised by national competent authorities with EBA and ESMA coordination. First comprehensive crypto regulation globally. It is used by organisations to establish and maintain compliance with industry standards and regulatory requirements.
How many controls does EU Markets in Crypto-Assets Regulation (MiCA) have?
EU Markets in Crypto-Assets Regulation (MiCA) has 39 controls organised across 8 domains. The largest domains are Asset-Referenced Tokens (ARTs) (8 controls), Market Abuse Prevention (8 controls), Crypto-Asset Offers and White Papers (6 controls). Each control defines specific requirements that organisations must implement to achieve compliance.
What frameworks does EU Markets in Crypto-Assets Regulation (MiCA) map to?
EU Markets in Crypto-Assets Regulation (MiCA) maps to 513 other compliance frameworks. The top mapping partners are TISAX — Trusted Information Security Assessment Exchange (28% coverage), Defence Security Principles Framework (DSPF) (28% coverage), Protective Security Policy Framework (PSPF) Release 2024 (28% coverage). Use our comparison tool to explore control-level mappings between frameworks.
How do I get started with EU Markets in Crypto-Assets Regulation (MiCA) compliance?
Start your EU Markets in Crypto-Assets Regulation (MiCA) compliance journey by running a self-assessment on our platform to identify your current compliance posture. Our AI advisory can answer specific questions about EU Markets in Crypto-Assets Regulation (MiCA) requirements, and cross-framework mapping helps you leverage existing controls from other frameworks you may already comply with. Create a free account to access all 39 controls and track your progress.
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