What is mica regulation?

MiCA regulation introduces requirements for issuers of crypto-assets where certain rules apply for specific types of crypto assets. More stricter requirements are made for e-money and asset-referenced tokens, because of greater risks their impose to the financial system.

What does Mica stand for?

Like, hate, or fade it, the EU’s Markets in Crypto-Assets (MiCA) regulation is set to redefine Europe’s cryptocurrency landscape. Following the initial phase in June, which introduced stablecoin-specific regulations, the full implementation in December expands these requirements to encompass Crypto Asset Service Providers (CASPs).

What is mica & how does it work?

MiCA introduces stringent measures, including enhanced authorization processes, detailed token issuance rules, and robust anti-money laundering (AML) protocols.