MiCA establishes a comprehensive regulatory framework for crypto-asset issuers and service providers in the EU, covering stablecoins, utility tokens, and CASPs.
Focus: Crypto regulation, stablecoins, CASPs, token issuance, market abuse in crypto
Article 1 — Subject Matter
Article 3 — Definitions
Article 4 — Offers to the Public
Article 6 — White Paper Requirements
Article 16 — Asset-Referenced Tokens
Article 48 — E-Money Tokens
Article 59 — Authorisation of CASPs
Article 67 — Conduct of Business
Article 86 — Market Abuse Prohibitions
Article 92 — Insider Dealing
GET /v1/frameworks/mica/articles → 200 OK · structured JSON · official source
The Markets in Crypto-Assets Regulation (EU) 2023/1114 is the EU's comprehensive framework for regulating crypto-assets not covered by existing financial services legislation. It covers three categories: asset-referenced tokens (ARTs, commonly called stablecoins), e-money tokens (EMTs), and other crypto-assets (including utility tokens). MiCA also establishes authorisation and conduct requirements for crypto-asset service providers (CASPs). It entered into force in June 2023, with provisions applying in stages from June 2024 (stablecoins) and December 2024 (full application).
MiCA applies to issuers of crypto-assets (including stablecoins and utility tokens) and crypto-asset service providers (CASPs) offering services such as custody, exchange, trading platforms, portfolio management, transfer, advisory, and order execution for crypto-assets. It applies to entities operating in the EU or providing services to EU clients. Notably, MiCA excludes NFTs that are truly unique, DeFi protocols that are fully decentralised, and crypto-assets already regulated as financial instruments under MiFID II.
Issuers must publish a white paper, maintain reserves (for ARTs/EMTs), and comply with governance requirements. EMT issuers must be authorised as credit institutions or electronic money institutions. ARTs with significant market impact face stricter prudential requirements. CASPs must obtain authorisation from their national competent authority and comply with conduct of business rules, AML/CFT requirements, and market abuse prohibitions. Fines for CASPs can reach up to EUR 5 million or 12.5% of annual turnover.
Law4Devs provides the full MiCA regulation as structured JSON via API. Filter by crypto-asset type (ART, EMT, utility token), entity type (issuer, CASP), or obligation category. Access specific provisions on white paper requirements, reserve rules, authorisation procedures, and market abuse prohibitions. Cross-reference with DORA for ICT resilience requirements applicable to CASPs and with PSD2 for payment-related crypto services.