What is MiCA and Why is it Important?
MiCA stands for the Markets in Crypto-Assets Regulation, representing a comprehensive legislative framework adopted by the EU as part of its 2020 digital finance strategy.
Harmonised Regulatory Framework
Establish a unified regulatory framework at EU level for crypto-assets and related services that are not already covered by existing financial services legislation.
Consumer Protection
Before MiCA, crypto regulation in Europe was fragmented, leading to inconsistency and lack of uniform consumer protection across the EU.
Business Scaling
Enable crypto-asset service providers (CASPs) to scale their businesses cross-border within the EU with proper authorization.
Core Objectives of MiCA Include
🔒 Investor Protection
Ensuring a high level of investor and consumer protection through comprehensive regulatory oversight.
⚖️ Market Integrity
Protecting market integrity and financial stability in the rapidly evolving crypto-assets sector.
💡 Innovation Support
Supporting innovation and promoting digital finance while maintaining regulatory standards.
🛡️ AML/CFT Compliance
Combating money laundering (AML) and terrorist financing (CFT) in crypto-asset transactions.
Who Needs a MiCA License?
The Markets in Crypto-Assets Regulation applies to natural and legal persons engaged in various crypto-related activities within the EU.
Crypto-Asset Issuance
Companies involved in the issuance, offer to the public, and admission to trading of crypto-assets.
Trading Services
Entities providing services related to crypto-assets trading and market operations.
Public Activity
Anyone conducting public activity on crypto-assets within the EU will likely come under MiCA's scope.
MiCA Compliance Statistics
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