MiCA compliance obligations are the rules and duties digital asset firms must follow under the European Union’s MiCA regulation. These refer to the specific legal requirements and operational duties imposed on digital asset issuers and service providers operating within the European Union, stemming from the Markets in Crypto-Assets (MiCA) regulation. These obligations cover aspects such as authorization, governance, consumer protection, market integrity, and anti-money laundering measures. Adherence to MiCA is mandatory for entities seeking to offer or provide crypto-asset services across EU member states.
Context
MiCA compliance obligations are a major focus in European crypto news, as firms prepare for the regulation’s phased implementation. Discussions frequently center on the operational challenges of meeting these comprehensive requirements, particularly for smaller entities or those with existing global operations. The successful navigation of these obligations will determine the competitive landscape for digital asset businesses within the EU and set a precedent for other global regulatory frameworks.
CASPs must immediately integrate DORA's systemic ICT risk management and third-party oversight into their operational architecture by the Q1 2025 deadline.
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