MiCA Glossary

Key regulatory terms and definitions for MiCA compliance. Each entry references the relevant MiCA article or ESMA/EBA guidance.

• CASP — Crypto-Asset Service Provider

  Any legal person or undertaking whose occupation or business is the provision of one or more crypto-asset services to clients on a professional basis (MiCA Art. 3(1)(15)).

• ART — Asset-Referenced Token

  A type of crypto-asset that is not an e-money token and that purports to maintain a stable value by referencing another value or right or combination thereof (MiCA Art. 3(1)(6)).

• EMT — E-Money Token

  A type of crypto-asset that purports to maintain a stable value by referencing the value of one official currency (MiCA Art. 3(1)(7)).

• MiCA Whitepaper

  A document containing mandatory information about an issuer and a crypto-asset offering, required under MiCA Art. 6 before any public offer or admission to trading.

• MiCA Title II

  Covers crypto-assets other than ARTs and EMTs. Sets out whitepaper requirements, issuer obligations, and public offer rules for utility tokens and similar assets.

• MiCA Title V

  Covers authorisation and operating conditions for Crypto-Asset Service Providers (CASPs), including conduct of business rules, organisational requirements, and prudential standards.

• Article 6 — Whitepaper content

  MiCA Art. 6 specifies the mandatory information that every crypto-asset whitepaper must contain: issuer identity, project description, rights attached, risks, and technology details.

• RTS / ITS

  Regulatory Technical Standards (RTS) and Implementing Technical Standards (ITS) issued by ESMA and EBA under MiCA mandate, specifying detailed compliance requirements.