MiCA (Markets in Crypto-Assets Regulation)

The EU regulation that sets one licensing and conduct regime for crypto-asset service providers and token issuers across the EEA.

Source

Regulation (EU) 2023/1114

Last reviewed

October 16, 2026

MiCA, Regulation (EU) 2023/1114, replaced the separate national crypto registrations in EU and EEA countries with one authorisation regime. A firm that provides crypto-asset services needs a MiCA authorisation or notification from the regulator in its home country, and can then offer those services across the European Economic Area through passporting.

The rules for crypto-asset service providers applied from 30 December 2024, with national transitional periods that ended by 1 July 2026 at the latest. MiCA also covers issuers of asset-referenced tokens and e-money tokens.

On 13 October 2026, VASPnet recorded 372 MiCA-permitted CASPs across the 30 EEA jurisdictions, up from 257 on 30 June. Read the key findings.

Related research

Reports

•

14 Oct 2026

Three months post MiCA deadline: key findings

Europe has 372 MiCA-permitted CASPs, 45% more than on 30 June, so a counterparty review completed before the deadline may already be out of date.

Reports

•

21 Jul 2026

From 3,781 VASPs to 289 CASPs: What MiCA changed in Europe’s crypto market

An analysis of how MiCA's grandfathering deadline consolidated Europe's crypto market from 3,781 registered VASPs to 289 authorised CASPs, and what the data shows about where supervision is headed next.

Articles

•

06 Oct 2026

VASPnet’s response to the European Commission’s MiCA review

Among the top 100 VASPs, 44% are regulated in at least one jurisdiction while holding a warning or facing enforcement action in another. VASPnet’s response to the Commission’s MiCA review sets out why regulatory status must be assessed entity by entity.