MiCA harmonises authorisation and conduct rules for crypto-asset issuers and service providers across the EU, with bespoke regimes for asset-referenced and e-money tokens.
Who it affects
- Crypto-asset service providers (CASPs)
- Issuers of asset-referenced and e-money tokens
- Issuers of other crypto-assets offered to the public
Key obligations
- Authorisation, governance and capital requirements
- Whitepapers and disclosures for token offerings
- Market-abuse prevention and conflict-of-interest controls
- AML/CFT alignment with the EU Transfer of Funds Regulation
Penalties
Administrative fines up to 5% of annual turnover and personal sanctions for managers; criminal sanctions at member-state level.
How RisQo helps
RisQo combines KYB, sanctions and on-chain attribution signals to support MiCA-grade onboarding and ongoing CASP counterparty monitoring.
This explainer is provided for informational purposes only and does not constitute legal advice. Always consult qualified counsel before making compliance decisions.