Compliance

What is MiCA?

Markets in Crypto-Assets Regulation

MiCA is the European Union's regulatory framework for crypto-assets, establishing authorisation, reserve, disclosure and conduct requirements for issuers and service providers. It creates a single EU-wide regime in place of divergent national rules.

For stablecoins specifically, MiCA distinguishes e-money tokens referencing a single currency from asset-referenced tokens referencing a basket, and imposes reserve, redemption and reporting obligations on issuers of both.

The practical consequence for a platform serving EEA users is that which stablecoins may be offered depends on the issuer's authorisation status, and that this is a routing decision rather than a disclosure one — it determines what the user can hold, not merely what they are told.

Definitions are educational and general. Nothing here is financial, legal or tax advice, and regulatory descriptions summarise frameworks that change — check the current rules for your jurisdiction before relying on them.