EU Financial Regulatory Q&A Database

Crypto-Asset lending services under MiCA

MiCA

Perimeter of advice under MiCA compared to MiFID II

MiCA

Authorised CASP for providing custody and administration or transfer services for crypto-assets in relation to other crypto-assets being issued after the offer to the public

MiCA · Art. Article 4, Paragraph 5

Exemption from white paper requirements when offering a crypto-asset other than an ART or EMT

MiCA

Machine-readable (XBRL) format requirement for modified white papers

MiCA

Overlap between offers of crypto-assets and placing

MiCA · Art. Article 3(1)(22) of MiCA

Application of Title II requirements to CASPs operating a trading platform for crypto-assets

MiCA · Art. Article 5(2) of MiCA

Payouts in fiat currency by CASPs in the context of exchange services

MiCA · Art. Article 75 of MiCA

Interests earned from client funds deposited at credit institutions

MiCA

Calculation of fixed overheads

MiCA · Art. Article 67 / Paragraph 3

Clarification on Withdrawal Requirements under Article 75 of MiCA for CASPs

MiCA · Art. Article 75 MiCA

Scope of the term “trading platform for crypto-assets” in Article 78(5) of MiCA (executing client orders outside of a trading platform)

MiCA · Art. Article 78(5)

Offerors and CASPs’ responsibilities with regards to white papers for Title II tokens admitted to trading prior to 30 December 2024

MiCA · Art. 143(2)

How to distinguish between different execution services

MiCA · Art. Article 3

Pre-funding clients’ orders with clients’ crypto-assets

MiCA

Staking on own account

MiCA

Shared order book model

MiCA

Commingling clients’ crypto-assets with crypto-assets from other entities of the group when acting as custodian

MiCA · Art. Article 75(7)

Custody agreements in the exercise of rights attached to crypto-assets

MiCA · Art. Article 75.4 MiCA

Proprietary trading under MICA

MiCA

Autotrading

MiCA

Registered AIFM and MICA

MiCA · Art. article 60 paragraph 5 MICA

Scope of public offering

MiCA

Possibility of natural persons and trusts / trustees to be authorised as CASPs

MiCA

Audit / certification of CASP financial statements

MiCA

Minimum capital requirements for CASPs

MiCA

Applicability of DORA and TFR Requirements to VASPs Not Classified as CASPs Under MiCAR

MiCA · Art. Applicability of DORA and TFR Requirements to VASPs Not Classified as CASPs Under MiCAR

Status of entities providing crypto-asset services as part of the grandfathering regime

MiCA

Tied agents under MiCA

MiCA

CASPs providing services based on an Article 60 notification

MiCA · Art. Article 60

Entities who have not applied for, or whose application for authorisation as CASPs has been refused by the end of the transition period

MiCA

Entities not authorised as CASPs by the end of the transition period

MiCA · Art. 143(3)

Interaction between Article 60 notifications and the CASP transitional phase

MiCA · Art. Articles 60 and 143

Simplified authorisation procedures

MiCA · Art. Article 143(6)

Treatment of staking services in MiCA

MiCA

Crypto-asset transfers as component of another crypto-asset service or as a separate crypto-asset transfer service

MiCA · Art. Article 3(1), point (26), Article 82(2)

Grandfathering clause and applicable AML laws

MiCA · Art. Article 143(3)

Publication of information by CASPs providing the service of exchange of crypto-assets for funds or other crypto-assets

MiCA · Art. Article 77

New CASPs established before (and after) 30 December 2024

MiCA · Art. Article 143

Provision of crypto-asset services by credit institutions

MiCA · Art. Article 60

Prohibition of monetary and non-monetary benefits under MiCA

MiCA · Art. Article 80

Passporting rights for entities benefiting from grandfathering

MiCA · Art. Article 143

Notifications under Article 60 MiCA

MiCA · Art. Article 60

Crypto-asset services of a DLT MI

MiCA · Art. Articles 2 and 143 of MICA

Technical roles of non-EU group entities in transaction signing and signing policies

MiCA · Art. Article 3(1), points (15) and (17); Articles 59, 70, 72 and 75 (9); ESMA Opinion on broker models

Transient exposure of EU client crypto-assets in a non-EU hot wallet during deposits, withdrawals and settlement

MiCA · Art. MiCA Article 3(1), points (15) and (17); Articls 59; Article 70(1); Article 75(9); Commission Delegated Regulation (EU) 2025/303; ESMA Opinion on broker models paragraph 8 and footnote 10; ESMA Q&A 2608

Personal scope of persons professionally arranging or executing transactions under MiCA

MiCA

CASP Group Structure under MiCA

MiCA

MiCAR CASP - Best Possible Outcome for the Client

MiCA · Art. Art.78

MiCA Services

MiCA