MiCA

Definition

MiCA (Markets in Crypto-Assets Regulation) is the European Union's first comprehensive regulatory framework for crypto-assets, approved in 2023 and fully applicable since 2024. It regulates the issuance of cryptocurrencies, virtual asset service providers (VASPs) and stablecoins. MiCA is relevant for European treasury companies such as Standard 21 and Capital B because it sets the conditions under which they can issue Bitcoin-linked financial instruments in the EU and how the assets must be custodied.