Frequently Asked Questions

Common questions about MiCA compliance, whitepaper audits, and how MiCAReady works.

What is MiCAReady?

MiCAReady is an AI-powered compliance platform that audits crypto-asset whitepapers against MiCA requirements. It identifies gaps under MiCA Title II, Title V, Article 6, and Annex I within minutes, producing a submission-ready dossier for your NCA.

What is MiCA?

MiCA (Markets in Crypto-Assets Regulation, EU 2023/1114) is the EU regulatory framework governing crypto-asset issuers and service providers. It entered into full force in December 2024, requiring all EU crypto-asset whitepapers and CASP authorisations to comply with its provisions.

Who needs a MiCA whitepaper?

Any issuer making a public offer of crypto-assets in the EU, or seeking admission of crypto-assets to trading on a regulated platform, must publish a MiCA-compliant whitepaper under Art. 6 — unless an exemption applies (e.g., offers to fewer than 150 persons per Member State or total consideration under €1 million).

Which NCAs does MiCAReady support?

MiCAReady currently supports gap-analysis tailored to four NCAs: BdP (Portugal), AMF (France), BaFin (Germany), and CySEC (Cyprus). Each NCA has specific overrides and interpretations layered on top of the base MiCA requirements.

How does the whitepaper audit work?

You upload your whitepaper PDF and select your NCA target. MiCAReady parses the document, embeds it against a vector database of 180+ MiCA requirements and approved whitepapers, and runs a gap-analysis via Claude Sonnet. Results include severity (red/amber/green), the specific article reference, a gap description, and a remediation suggestion. Typical runtime: under 60 seconds.

What does the output include?

The audit produces a gap matrix (Article | Severity | Gap | Remediation | NCA Note), exportable as PDF and Word redline. The Word version includes tracked changes against your original whitepaper.

Is MiCAReady legal advice?

No. MiCAReady provides informational gap-analysis only. You should engage qualified MiCA legal counsel before submitting to your NCA.

What data residency does MiCAReady use?

All data — uploaded PDFs, parsed text, gap-analysis results, and user data — is stored in Cloudflare EU jurisdiction resources (D1 database with --location=weur, R2 with --jurisdiction=eu). No data leaves the EU.

Can I re-run an audit after updating my whitepaper?

Yes. Subscription and Enterprise plans include unlimited re-runs. Each re-run creates a new audit linked to the original, so you can compare gap matrices before and after revisions.

What plans are available?

Three plans: Audit One-Shot (€4,900 — one audit, PDF + Word export, under 24h delivery), Subscription Starter (€1,900/month — unlimited audits, re-runs, NCA override updates), and Enterprise (€4,900/month — everything in Starter plus multi-user access and priority support).

What is a CASP?

A Crypto-Asset Service Provider (CASP) is any legal person providing crypto-asset services on a professional basis, including custody, trading platform operation, exchange, portfolio management, or advice. CASPs must obtain authorisation from their home NCA under MiCA Title V (Art. 59).

What are the differences between ART, EMT, and other crypto-assets?

An EMT (E-Money Token) references a single fiat currency. An ART (Asset-Referenced Token) references a basket of assets or multiple currencies. All other crypto-assets — utility tokens, governance tokens, payment tokens not qualifying as EMT/ART — fall under MiCA Title II. The classification determines which whitepaper annexe applies and which NCA supervises.