This page may contain stale information. Last updated: 2026-07-05
Definition
MiCA is the European Union’s comprehensive regulatory framework for crypto-assets, establishing licensing, disclosure, and operational requirements for Crypto-Asset Service Providers (CASPs) with EEA passporting.
Key Milestones
- July 1, 2026: Full enforcement — CASPs must comply; stablecoin issuers need e-money authorization
- July 2026 enforcement wave: revolut USDT delisting; tether remains unauthorized
- July 2026 retail on-ramp: dz-bank meinKrypto via bafin for cooperative banks; dekabank for Sparkassen
- June 2026 licensing wave: openpayd (Malta MFSA), Bitcoin Suisse (Liechtenstein), Ripple preliminary CASP (Luxembourg), OKX, Gemini
CASP Services
- Fiat-to-stablecoin on/off-ramping
- Custody and wallet infrastructure
- Stablecoin transfers across blockchain networks
- Single license enabling cross-EEA operations via passporting
US Divergence
MiCA's regulated passporting contrasts with US anti- cbdc stance embedded in housing legislation (2030 moratorium) and private-stablecoin carve-outs — global crypto regulation diverging sharply in June 2026.