MiCA — Markets in Crypto-Assets Regulation · vRegulation (EU) 2023/1114
MiCA — Markets in Crypto-Assets Regulation
MiCA — Markets in Crypto-Assets Regulation — 95% of in-scope requirements covered.
12 requirements · 10 in scope (9 enforced · 1 designed) · 2 out-of-scope (outside KYE™’s authority layer). The 95% is weighted over the in-scope base.
Source: Regulation (EU) 2023/1114 of the European Parliament and of the Council of 31 May 2023 on markets in crypto-assets (MiCA). Titles III–IV (asset-referenced and e-money tokens) applied from 30 June 2024; Title V (crypto-asset service providers) applied from 30 December 2024.
By category
| Category | Reqs | Enforced | Designed | Advisory | Deferred | Coverage |
|---|---|---|---|---|---|---|
| AML / Travel Rule overlap for crypto-asset transfers (TFR 2023/1113 + MiCA conduct) | 2 | 2 | 0 | 0 | 0 | 100% |
| CASP conduct, conflicts of interest & complaints handling (Title V, Articles 66–71) | 4 | 3 | 1 | 0 | 0 | 88% |
| Custody & administration of crypto-assets for clients (Title V, Articles 70, 75, 76) | 4 | 4 | 0 | 0 | 0 | 100% |
| Token issuance: white paper, authorisation & reserve of assets (Titles III–IV, Articles 16, 36, 54) | 2 | 0 | 0 | 0 | 0 | 0% |
Every requirement → the KYE™ artefact that enforces it
| ID | Title | Status | KYE™ enforcement |
|---|---|---|---|
mica.tfr.travel-rule |
Crypto-asset transfers carry originator and beneficiary information (Travel Rule — Reg (EU) 2023/1113, applied alongside MiCA conduct obligations) | enforced | audit_events: kye.evidence.decision_map.v1, kye.purpose.admissibility.v1engines: internalrule_packs: kye:rule-pack:travel-rule-fatf-r16dictionaries: internalconstitution_refs: constitution/12-PURPOSE-PERMISSION.md |
mica.aml.suspicious-activity |
CASPs screen crypto-asset activity for money-laundering / terrorist-financing risk and route flagged activity to oversight (AML overlay) | enforced | audit_events: kye.purpose.admissibility.v1, kye.evidence.decision_map.v1engines: internal, internalrule_packs: kye:rule-pack:aml-financial-crimesconstitution_refs: constitution/12-PURPOSE-PERMISSION.md |
mica.A66 |
Article 66 — CASPs act honestly, fairly and professionally in the best interests of their clients | enforced | audit_events: kye.purpose.admissibility.v1, kye.evidence.decision_map.v1engines: internal, internalrule_packs: kye:rule-pack:financial-servicesconstitution_refs: constitution/12-PURPOSE-PERMISSION.md |
mica.A71 |
Article 71 — CASPs establish and maintain effective and transparent procedures for the prompt, fair and consistent handling of client complaints | designed | audit_events: kye.evidence.decision_map.v1, kye.comms.dispatched.v1engines: internalconstitution_refs: constitution/38-COMMS-RAIL.md |
mica.A72 |
Article 72 — CASPs identify, prevent, manage and disclose conflicts of interest | enforced | audit_events: kye.purpose.admissibility.v1, kye.evidence.decision_map.v1engines: internal, internalrule_packs: kye:rule-pack:financial-servicesconstitution_refs: constitution/12-PURPOSE-PERMISSION.md |
mica.A68 |
Article 68 — CASPs have sound administrative arrangements, business-continuity policy and ICT systems and security access protocols (operational resilience) | enforced | audit_events: kye.audit.event.v1, kye.evidence.pack.v1engines: internal, internalconstitution_refs: constitution/13-RESILIENCE-LOOP.md, constitution/30-AUDIT-WORM-RETENTION.md |
mica.A75.1 |
Article 75(1) — Crypto-asset service providers providing custody and administration of crypto-assets on behalf of clients hold clients' crypto-assets segregated from their own | enforced | audit_events: kye.evidence.decision_map.v1, kye.evidence.pack.v1engines: internalrule_packs: kye:rule-pack:mica-custodydictionaries: internalconstitution_refs: constitution/29-PROFILES-LITE.md |
mica.A75.7 |
Article 75(7) — CASPs maintain a register of positions and ensure secure key management for clients' crypto-assets | enforced | audit_events: kye.evidence.decision_map.v1engines: internal, internalrule_packs: kye:rule-pack:mica-custodydictionaries: internalconstitution_refs: constitution/29-PROFILES-LITE.md |
mica.A75.8 |
Article 75(8) — Clients' withdrawal and transfer instructions are executed only on a validated authority | enforced | audit_events: kye.evidence.decision_map.v1, kye.purpose.admissibility.v1engines: internal, internalrule_packs: kye:rule-pack:mica-custodyconstitution_refs: constitution/12-PURPOSE-PERMISSION.md |
mica.A75.9 |
Article 75(9) — Every custody action is recorded so the CASP can demonstrate, on request, the safekeeping and administration it performed | enforced | audit_events: kye.evidence.pack.v1, kye.audit.event.v1engines: internal, internalrule_packs: kye:rule-pack:mica-custodyconstitution_refs: constitution/30-AUDIT-WORM-RETENTION.md, constitution/13-RESILIENCE-LOOP.md |
mica.A16.A36.reserve |
Articles 36 & 54 — Issuers of asset-referenced tokens / e-money tokens constitute and maintain a reserve of assets with 1:1 backing and a direct redemption-at-par claim for holders | out-of-scope | constitution_refs: constitution/26-COMMERCIAL.md |
mica.A6.A16.whitepaper |
Articles 6 & 16 — Crypto-asset white paper drawn up, notified to the competent authority, and the offeror/issuer authorised before offering to the public | out-of-scope | constitution_refs: constitution/26-COMMERCIAL.md |