What is MiCA? The European Union’s Landmark Crypto Regulation Explained - Decrypt
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MiCA does not apply to NFTs. The regulation is aimed at assets which are fungible, and not to those whose value "is attributable to each cryptoasset’s unique characteristics and the utility it gives to the token holder.” act honestly, fairly and professionally They also need to have a minimum amount
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- MiCA does not apply to NFTs. The regulation is aimed at assets which are fungible, and not to those whose value "is attributable to each cryptoasset’s unique characteristics and the utility it gives to the token holder.”
- act honestly, fairly and professionally
- They also need to have a minimum amount of their “own funds”, and may be subject to additional regulation depending on their activities.
- before the asset is offered to the public
- Issuers of ARTs need to get their white papers approved before publishing them, as part of the process of becoming authorized in their chosen country.
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