MiCA
MiCA (Markets in Crypto-Assets) is the EU regulation fully in force since 2024-2025 imposing uniform rules on crypto service providers.
MiCA is the first comprehensive crypto regulation in a major legal bloc. Core elements: mandatory licences for CASPs (Crypto-Asset Service Providers), whitepaper requirements for asset issuers, transparency around stablecoins, and consumer protection minima. Full application since 30 December 2024. Impact: many smaller exchanges exit EU market while regulated large players gain volume.
Example
Bitvavo obtained MiCA licence in 2025 and can thus operate across all EU-27 via passporting. Unlicensed offshore exchanges may no longer serve Dutch clients.
Frequently asked questions
Is Bitcoin self-custody affected by MiCA?
Mostly no — MiCA targets service providers, not individual ownership. However: exchanges must request more information from clients on large withdrawals.
Related terms
Further reading
- → Our service: Fintech sector