Markets in Crypto-Assets Regulation (MiCA)

Stub — deep dive in preparation. Key metadata above is sourced from EUR-Lex; the full explainer for this instrument is still being written.

Regulation (EU) 2023/1114 — the EU’s comprehensive framework for crypto-assets not already covered by financial-services law.

What it does (at a glance)

• Authorisation and conduct rules for crypto-asset service providers (CASPs).
• Dedicated regimes for asset-referenced tokens and e-money tokens (stablecoins), with reserve and redemption requirements.
• White-paper disclosure duties for issuers; market-abuse rules for crypto markets.

Key dates

• In force 29 June 2023.
• Stablecoin titles applied from 30 June 2024; the rest from 30 December 2024.

Sources

• Regulation (EU) 2023/1114 (EUR-Lex)
• ESMA MiCA pages