MiCA
The EU Markets in Crypto-Assets regulation, applied since late 2024: licensing of platforms and rules for stablecoins.
A single framework for the European Union
The MiCA regulation (Markets in Crypto-Assets) came into force in June 2023. Its stablecoin rules apply since 30 June 2024, the rest since 30 December 2024. It requires a licence for crypto-asset service providers (exchanges, custodians), a white paper for token offerings and strict reserves for stablecoin issuers.
A licence obtained in one country is valid across the Union. In France, providers registered under the former regime (PSAN) have a transition period until 1 July 2026 at the latest.
Common mistakes
- Believing MiCA guarantees deposits: it regulates firms, it does not protect against falling prices.
Questions and answers
How can I check a platform is licensed?
The European Securities and Markets Authority (ESMA) register and, in France, the AMF list record licensed providers.
Notitia newsroom · education, not investment advice.