What does MiCA mean?
MiCA, which stands for Markets in Crypto-Assets, is a European Union regulation aimed at creating a harmonised regulatory framework for digital assets within the EU. The aim of MiCA is to protect investors and preserve financial stability while fostering innovation and competition in the cryptocurrency sector.
MiCA regulation covers various aspects of digital assets:
- clarifying the rules for issuing and marketing cryptocurrencies and tokens ;
- regulating digital asset service providers, such as exchangeExchange platform for crypto assets (Binance, Kraken…) platforms and cryptocurrency wallets;
- the prevention of fraud, money laundering and terrorist financing;
- consumer and investor protection.
The European Regulation on Markets in Crypto-Assets (MiCA) was published in the Official Journal of the European Union on Friday 9 June 2023 and entered into force on 29 June 2023. It will apply from 30 December 2024, with the exception of the provisions on stablecoins (Titles III and IV of the Regulation), which will apply from 30 June 2024.
More information on the FMA website
Cryptocurrencies or digital currencies are terms commonly used in the crypto ecosystem. However, the terminology favored by regulators (ACPR and AMF) is crypto-assets or digital assets. This distinction arises because, although often referred to as cryptocurrencies, these assets do not qualify as currencies in the legal sense. They are virtual resources based on blockchainA blockchain is a type of distributed ledger technology. It is a huge database formed by blocks,cryptographically linked to each other, containing information such as transactions. These blocks are addedfollowing technology, whose value is determined solely by supply and demand.
None of the information contained in this FAQ constitutes investment advice, tax advice, legal advice, or any other type of advice, nor does it serve as an invitation to engage in any form of financial transaction.
Investing in digital assets carries risks and may not be suitable for all investors. It is the responsibility of investors to educate themselves about the risks associated with different digital assets. In particular, it is noted that digital assets can exhibit significant volatilityPrice variation of an asset on a given period., and investments in digital assets involve a risk of capital loss. Accordingly, it is important to remember that the past performance of digital assets, as might be indicated on Banque Delubac & Cie’s website or in documents provided to investors, is not indicative of future performance. Investors should familiarize themselves with the technologies underlying each digital asset and their associated risks, including vulnerabilities, defects, hacks, errors, protocol failures, or attacks on the protocol. Banque Delubac & Cie cannot be held liable for any misunderstanding of the risks associated with digital assets or for any losses investors may incur due to errors in walletPrice variation of an asset on a given period. addresses attributable to the investor.
Most frequently asked questions
How could we help you ?
Didn't find an answer in our FAQ? Ask your question via our contact form. We will respond to you as soon as possible.