MiCA Crypto Assets Regulation
European Union
2023
AML/CFT
Payments
Overview
The Markets in Crypto-Assets (MiCA) Regulation was adopted by the European Union in 2023 and will come into full effect in December 2024. It establishes a unified regulatory framework for crypto assets not already covered by existing EU financial laws. MiCA aims to protect investors, ensure market integrity, and support innovation in the digital asset ecosystem.The regulation introduces licensing requirements for Crypto Asset Service Providers (CASPs) and establishes disclosure, governance, and prudential rules for issuers of stablecoins and utility tokens. It defines categories of crypto assets, mandates whitepaper publication for public offerings, and imposes operational, cybersecurity, and safeguarding standards on service providers.MiCA applies to crypto exchanges, stablecoin issuers, wallet providers, token issuers, fintech firms, and investment platforms operating in or targeting the EU market.
Key Obligations
- Obtain authorization from a national competent authority to operate as a CASP
- Publish a whitepaper before offering crypto assets to the public
- Maintain adequate capital, governance, and safeguarding arrangements
- Comply with AML/CFT, cybersecurity, and consumer protection requirements
- Submit regular disclosures and incident reports to regulators
Stay ahead of risk with Signzy
Explore tools that help you onboard, monitor, and verify with confidence
Identity Verification
Use facial match and liveness checks paired with government ID verification to make sure the person holding the document is the person you're onboarding.
One Touch KYC
Simplify the Know Your Customer (KYC) process with AI and sophisticated fraud detection algorithms to provide a seamless, efficient, and highly secure user verification.
