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

Related Regulations

TFR Crypto Travel Rule

FATF 40 AML/CFT Recommendations

EU AML Regulation AMLR

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