Practical Takeaway
MiCA (Markets in Crypto-Assets) came into full effect through 2024-2025, making the EU the first major jurisdiction with comprehensive crypto regulation.
Full Resource
MiCA (Markets in Crypto-Assets) came into full effect through 2024-2025, making the EU the first major jurisdiction with comprehensive crypto regulation. Key requirements: CASPs (Crypto-Asset Service Providers) must register with national competent authorities for a single EU passport; stablecoins face strict reserve requirements and volume limits for significant non-EUR tokens; most crypto projects targeting EU users face white paper disclosure requirements.
MiCA (Markets in Crypto-Assets) came into full effect through 2024-2025, making the EU the first major jurisdiction with comprehensive crypto regulation. Key requirements: CASPs (Crypto-Asset Service Providers) must register with national competent authorities for a single EU passport; stablecoins face strict reserve requirements and volume limits for significant non-EUR tokens; most crypto projects targeting EU users face white paper disclosure requirements. US-based projects with EU users face a choice: CASP authorization via EU subsidiary, geo-blocking, or legal uncertainty. Institutional participants generally welcome MiCA's regulatory clarity despite compliance costs.
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