MiCA
The European Union’s Markets in Crypto-Assets regulation, a comprehensive crypto legal framework.
The European Union’s Markets in Crypto-Assets regulation, a comprehensive crypto legal framework.
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Sep 2026 · Показатель свежести: 50%
Что такое MiCA?
The European Union’s Markets in Crypto-Assets regulation, a comprehensive crypto legal framework.
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MiCA classifies crypto assets (utility tokens, asset-referenced tokens like stablecoins, e-money tokens) and sets rules for issuers (whitepapers, authorization) and service providers (CASP licensing, capital, governance, AML). Stablecoin is
MiCA gives crypto legal clarity across 27 EU countries — a template for global regulation. It legitimizes compliant businesses while raising the bar: non-EU projects serving EU users must comply. Its stablecoin rules directly affect Tether,
Граф знаний
19 relations1. What Is MiCA
MiCA (Markets in Crypto-Assets Regulation) is the European Union's comprehensive regulatory framework for crypto assets — the first major jurisdiction-wide law covering issuance, trading, and service provision.
2. How It Works
MiCA classifies crypto assets (utility tokens, asset-referenced tokens like stablecoins, e-money tokens) and sets rules for issuers (whitepapers, authorization) and service providers (CASP licensing, capital, governance, AML). Stablecoin issuers face strict reserve and redemption requirements. Transition periods phase in obligations through 2025-2026.
3. Why It Matters
MiCA gives crypto legal clarity across 27 EU countries — a template for global regulation. It legitimizes compliant businesses while raising the bar: non-EU projects serving EU users must comply. Its stablecoin rules directly affect Tether, USDC, and other major assets.
4. Key Facts
- Effective across the EU with phased implementation
- CASP license required for exchanges, custody, and transfers
- Asset-referenced tokens must hold liquid reserves 1:1
- MiCA treats most crypto as neither security nor commodity
5. Related Concepts
- regulation
- compliance
- stablecoin
- licensing
Frequently Asked Questions
What is MiCA?
The European Union’s Markets in Crypto-Assets regulation, a comprehensive crypto legal framework.
How does MiCA work?
MiCA (Markets in Crypto-Assets Regulation) is the European Union's comprehensive regulatory framework for crypto assets — the first major jurisdiction-wide law covering issuance, trading, and service provision. MiCA classifies crypto assets (utility tokens, asset-referenced tokens like stablecoins,
Why does MiCA matter in Web3?
- compliance - stablecoin - licensing