MiCA

MiCA, the Markets in Crypto-Assets Regulation, is a European Union framework establishing harmonised rules for crypto-asset issuers and service providers across member states. It sets requirements in areas such as authorisation, governance, consumer disclosures, and specific provisions for asset-referenced and e-money tokens, including reserve and transparency obligations for certain stablecoins. The aim is to improve consumer protection, market integrity, and legal clarity.

A common misconception is that MiCA applies globally; it governs activity within the European Union, though its influence may inform rule-making elsewhere. This entry is educational, not legal advice.