MiCA

How it is used

Adopted in 2023; its stablecoin rules have applied since June 2024 and the rest since 30 December 2024. Firms licensed as CASPs (crypto-asset service providers) in one EU country can serve clients across the EU. News and job ads often say MiCA-compliant, MiCA licence and under MiCA.

Example sentences

1. We applied for a MiCA licence in the Netherlands so that we can serve customers across the EU.

2. Under MiCA, the issuer must publish a white paper before offering the token to the public.

Common collocations

• under MiCA
• MiCA licence
• MiCA-compliant
• MiCA white paper

Related terms

• crypto assetA digital asset that exists on a blockchain or a similar technology and can be stored and transferred electronically. It is the wider legal term that covers cryptocurrencies, stablecoins and other tokens.
• stablecoinA crypto token designed to keep a steady price, usually one US dollar, backed by cash and bonds, by other crypto or by an algorithm. It is used for payments, trading and moving money between platforms.
• whitepaperA document published by a crypto project that explains the problem it wants to solve, how its technology works, and how its token will be created and distributed.
• KYCShort for know your customer: the checks a regulated company carries out to confirm who its customers are, usually by collecting an ID document, a selfie and an address.
• travel ruleA rule that requires crypto service providers to collect and pass on information about the sender and the recipient when they transfer crypto for a customer, as banks do for wire transfers.

More terms: Regulation, Security & Risk

• AML
• rug pull
• phishing
• 51% attack
• exploit
• pump and dump