Crypto-asset
A digital representation of a value or right that can be transferred and stored electronically using distributed-ledger or similar technology, within the scope of the Regulation.
MiCA / PRACTICAL GUIDE
MiCA in Practical Terms
MiCA provides a common EU framework for crypto-assets and crypto-asset services.
Explore this guide
It seeks to establish clearer requirements for businesses and greater transparency for clients and investors.
01 / THE DETAILS
Key concepts
CASP
A legal person or undertaking professionally providing one or more crypto-asset services and authorised under MiCA.
NCA
The national competent authority responsible for relevant regulatory functions in a Member State.
ESMA
The European Securities and Markets Authority, which supports EU-level implementation and supervisory convergence.
AMLA
The EU authority responsible for strengthening AML/CFT supervision and cooperation.
02 / THE DETAILS
What businesses should consider
- Regulatory perimeter
- Authorisation
- Governance
- Prudential safeguards
- AML/CFT
- Client protection
- Risk management
- ICT and security
- Transparency
- Market integrity
- Record keeping
- Reporting
03 / THE DETAILS
Official legal source
The definitive legal text is Regulation (EU) 2023/1114 as published on EUR-Lex.