MiCA applies to crypto-assets that are issued, offered to the public, or admitted to trading within the EU, and it focuses on regulating the activities and entities involved in these processes.
As MiCA approaches its first year of application, uncertainty remains across the market regarding how different tokens are classified and which regulatory obligations apply.
The below practical guide details the following:
- What is a crypto-asset under MiCA?
- Categories of crypto-assets under MiCA
- Exemptions and carve-outs for other crypto-assets
- Exemptions from the white paper requirement
- Offers outside the scope of Title II MiCA
- Important limitations to the exemptions
- Time-limited offers for certain utility tokens
- Why token classification matters
