Regulation on Markets in Crypto-Assets (MiCA) - Chapter I: introduction and overview

The MiCA Regulation introduces new rules on the categorisation, issuance and admission to trading of crypto-assets, as well as on the provision of crypto-asset services.

The Regulation (EU) 2023/1114 of the European Parliament and the Council, of 31 May 2023, on markets in crypto-assets (Regulation MiCA), was published in the Official Journal of the European Union on 9 June 2023 and entered into force on 29 June 2023.

The publication and entry into force of this regulation is a significant milestone regarding the legal framework applicable to those types of assets and related services. It proposes to establish regulatory clarity in a sector with some uncertainty and legal turmoil, both for crypto-asset issuers and crypto-asset service providers, consumers and investors, and for other market players.

This is the first of six chapters of an informative guide prepared by Morais Leitão's banking and finance team.