Markets in Crypto-Assets (MiCA)

MiCA establishes the EU's first comprehensive licensing framework for crypto-asset service providers and issuers. Whether you operate an exchange, provide

Markets in Crypto-Assets (MiCA) covers legal assessment, document preparation and implementation support in Europe. It is typically relevant to businesses, investors and organisations operating or transacting in one or more countries. The precise rules, competent authority and procedure depend on the subject matter, jurisdiction and facts, with EU and national law considered together.

Key points

  • Classification of the activity or token determines the applicable regime.
  • CASP authorisation and issuer rules are separate legal questions.
  • Governance, own-funds and disclosure duties depend on the activity.
  • The competent authority controls the decision and timing.

Jurisdiction and applicable framework

MiCA applies directly across the EU to in-scope crypto-assets, issuers and service providers. Applicable technical standards and national rules governing the competent authority and procedure must also be checked.

Official sources

Last reviewed: 22 September 2026

MiCA establishes the EU's first comprehensive licensing framework for crypto-asset service providers and issuers. Whether you operate an exchange, provide custody, or issue tokens, MiCA authorisation is now mandatory. We guide CASPs through the application process, white-paper obligations, and the ongoing compliance requirements of this new regime.

We prepare authorisation dossiers covering programme of operations, governance, own-funds calculations, and AML/CTF policies. For token issuers, we draft or review white papers meeting MiCA's content, format, and liability requirements.

What this includes

  • CASP authorisation application
  • White-paper drafting & review
  • Own-funds & prudential compliance
  • Governance & outsourcing documentation
  • Ongoing supervisory reporting

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