The Markets in Crypto-Assets Regulation (“MiCA”) is quickly revolutionising the EU crypto landscape. Whether you are issuing tokens or operating a crypto exchange, aligning with MiCA is now critical to staying relevant in a competitive market. While a lot has been said about e-money tokens and asset referenced tokens, other crypto-assets are also impacted by MiCA.
Although other crypto-assets can be issued with fewer restrictions, offering them to the public or admitting them for trading in the EU requires compliance with MiCA. This includes preparing a MiCA-compliant whitepaper and submitting it to the competent national authority while following the required procedures.
Other crypto-assets already being traded prior to MiCA’s applicability will also need to align their whitepapers with MiCA’s standards to remain available on EU-regulated exchanges. This is also essential to enable such other crypto-assets to continue being utilised by MiCA licensed crypto-asset service providers offering services like brokerage or custody.
For more information about MiCA compliance and assistance with whitepaper revisions and notifications, reach out to our FinTech team for guidance on [email protected]
