What is MiCA and how does it affect crypto businesses?

“MiCA (Markets in Crypto-Assets Regulation) is the EU's comprehensive regulatory framework for crypto-assets, which became fully applicable in December 2024. It requires Crypto-Asset Service Providers (CASPs) and token issuers operating in the EU to obtain authorisation, meet capital requirements, publish whitepapers, and comply with market abuse, custody, and consumer protection rules.”