Regulation · MiCA · 5 MAR 2025
MiCA is live — what it actually changes
The EU's Markets in Crypto-Assets regime now applies in full. Issuance and custody of stablecoins, exchange and brokerage all need authorisation, and "reverse solicitation" is far narrower than many teams assume.
The practical first step is an activity inventory: map exactly what you do and where your users are. The licence you need — CASP, e-money-token issuer, or operating under a partner — follows from that, not the other way round. Get the inventory wrong and you either over-build or operate exposed.