MiCA
EU regulation governing digital assets, including stablecoins, for market integrity and consumer protection.
What is MiCA?
The Markets in Crypto-Assets Regulation (MiCA) is a comprehensive EU framework, effective for stablecoins since June 30, 2024, and for crypto-asset service providers from December 20, 2024. It categorizes stablecoins as asset-referenced tokens (ARTs) or e-money tokens (EMTs), imposing strict rules on licensing, reserve management, and transparency. MiCA aims to enhance consumer protection and financial stability across the EU’s 27 member states, potentially setting a global standard, though challenges remain in national implementation.
Related Terms
Australia Stablecoin Regulation
Australia's proposed licensing framework for digital asset platforms and stablecoin issuers under the Australian Financial Services license.
At The Market (ATM)
A flexible equity offering allowing sales of shares into the market at prevailing prices over time.
DYOR
Do Your Own Research (DYOR) is a widely used acronym in the digital asset space, urging investors to independently verify information before committing funds to any project or token.
Matching Engine
The algorithm that pairs buy and sell orders in exchanges based on rules like price-time priority.
Tether
The company issuing USDT, a leading USD-pegged stablecoin, focused on blockchain-based financial solutions.
Solana Token Program
A core Solana onchain program with the program ID `TokenkegQfeZyiNwAJbNbGKPFXCWuBvf9Ss623VQ5DA`, enabling the creation, transfer, minting, and freezing of fungible and non-fungible digital assets.