EU Markets in Crypto-Assets Regulation (MiCA, Regulation 2023/1114)
The EU Markets in Crypto-Assets Regulation (MiCA, Regulation (EU) 2023/1114) is the world's first comprehensive regulatory framework for crypto-assets. It establishes harmonized rules across the European Union for the issuance and trading of crypto-assets, including asset-referenced tokens (stablecoins), e-money tokens, utility tokens, and other crypto-assets. MiCA introduces licensing requirements for crypto-asset service providers, transparency and disclosure obligations, and consumer protection measures. The regulation applies in phases: provisions for e-money tokens and asset-referenced tokens apply from June 2024, with full application of the framework by 30 December 2024.
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Framework Domains (19)
Asset-Referenced Tokens
| Code | Title |
|---|---|
| Art. 16 | Obligations of Providers of High-Risk AI Systems |
| Art. 34 | Notification of Personal Information Breach |
| Art. 35 | Right of Access |
| Art. 36 | Right to Correction or Deletion |
| Art. 43 | Mediation of Disputes |
CASP Requirements
Crypto-asset service provider obligations
Conduct
| Code | Title |
|---|---|
| MICA-V2-007 | Prohibition of interest on e-money tokens |
| MICA-V2-011 | Reception and transmission of orders |
| MICA-V2-012 | Placing of tokenized instruments |
| MICA-V2-013 | Providing advice on tokenized instruments |
| MICA-V2-014 | Portfolio management of tokenized instruments |
Consumer protection
| Code | Title |
|---|---|
| MICA-V2-004 | Right of withdrawal for retail holders |
| MICA-V2-006 | Redemption rights of holders |
Crypto-Asset Service Providers
| Code | Title |
|---|---|
| Art. 59 | Entry into Force |
| Art. 66 | Administrative Penalties |
| Art. 67 | Inspection Powers |
| Art. 70 | Criminal Penalties for False Consent |
| Art. 76 | Operation of trading platforms |
Crypto-Assets Other Than Asset-Referenced or E-Money Tokens
| Code | Title |
|---|---|
| Art. 13 | Transparency and Provision of Information to Deployers |
| Art. 15 | Accuracy, Robustness and Cybersecurity |
| Art. 4 | Participating Institutions |
| Art. 6 | Writing |
| Art. 7 | Minimum Standards |
Disclosure
| Code | Title |
|---|---|
| MICA-V2-002 | Issuer of other tokens disclosure obligations |
| MICA-V2-003 | Liability for white paper information |
| MICA-V2-010 | Information to clients before contract |
| MICA-V2-017 | Sustainability disclosures for tokenized instruments |
E-Money Tokens
| Code | Title |
|---|---|
| Art. 48 | Criminal Penalties |
| Art. 49 | Collective Dispute Resolution |
| Art. 50 | Transparency Obligations for Providers and Deployers of Certain AI Systems |
| Art. 56 | Data Breach Notification |
Enforcement
| Code | Title |
|---|---|
| MICA-V2-021 | Administrative sanctions and measures |
Governance
| Code | Title |
|---|---|
| MICA-V2-009 | CASP organisational requirements |
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 |
Operations
| Code | Title |
|---|---|
| MICA-V2-015 | Transfer services for tokenized instruments |
| MICA-V2-018 | Record keeping |
Outsourcing
| Code | Title |
|---|---|
| MICA-V2-019 | Outsourcing to third country providers |
Prudential
| Code | Title |
|---|---|
| MICA-V2-005 | Significant token additional requirements |
Resilience
| Code | Title |
|---|---|
| MICA-V2-008 | Recovery and redemption plans |
| MICA-V2-016 | Operational resilience and ICT |
Scope
| Code | Title |
|---|---|
| MICA-V2-001 | Scope and exclusions |
Subject Matter, Scope and Definitions
| Code | Title |
|---|---|
| Art. 1 | Open Finance Implementation |
| Art. 2 | Consent Definition |
| Art. 2a | De minimis exemption |
| Art. 3 | Objectives of Open Finance |
Supervision
| Code | Title |
|---|---|
| MICA-V2-020 | Cross border services notification |
Supervision, Enforcement and Final Provisions
| Code | Title |
|---|---|
| Art. 111 | Administrative Fines — Serious Violations |
| Art. 143 | Transitional measures |
| Art. 149 | Entry into force and application |
| Art. 93 | Right to digital will |
Your Compliance Coverage
If you comply with EU Markets in Crypto-Assets Regulation (MiCA, Regulation 2023/1114), you already cover:
Maps to 636 other frameworks
Frequently Asked Questions
What is EU Markets in Crypto-Assets Regulation (MiCA, Regulation 2023/1114)?
EU Markets in Crypto-Assets Regulation (MiCA, Regulation 2023/1114) is a compliance framework from European Union with 19 domains and 56 controls. The EU Markets in Crypto-Assets Regulation (MiCA, Regulation (EU) 2023/1114) is the world's first comprehensive regulatory framework for crypto-assets. It establishes harmonized rules across the European Union for the issuance and trading of crypto-assets, including asset-referenced tokens (stablecoins), e-money tokens, utility tokens, and other crypto-assets. MiCA introduces licensing requirements for crypto-asset service providers, transparency and disclosure obligations, and consumer protection measures. The regulation applies in phases: provisions for e-money tokens and asset-referenced tokens apply from June 2024, with full application of the framework by 30 December 2024. 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, Regulation 2023/1114) have?
EU Markets in Crypto-Assets Regulation (MiCA, Regulation 2023/1114) has 56 controls organised across 19 domains. The largest domains are Market Abuse Prevention (8 controls), Asset-Referenced Tokens (5 controls), Conduct (5 controls). Each control defines specific requirements that organisations must implement to achieve compliance.
What frameworks does EU Markets in Crypto-Assets Regulation (MiCA, Regulation 2023/1114) map to?
EU Markets in Crypto-Assets Regulation (MiCA, Regulation 2023/1114) maps to 636 other compliance frameworks. The top mapping partners are Australia Consumer Data Right — Banking (CDR) (23% coverage), BS 65000:2014 — Guidance on Organizational Resilience (23% coverage), Azure Security Benchmark (21% 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, Regulation 2023/1114) compliance?
Start your EU Markets in Crypto-Assets Regulation (MiCA, Regulation 2023/1114) 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, Regulation 2023/1114) 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 56 controls and track your progress.
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