ESMA_QA_2671
Topic
White paper
09/05/2025
Subject Matter
Exemption from white paper requirements when offering a crypto-asset other than an ART or EMT
Question
Is the preparation of a white paper under MiCA mandatory for crypto-asset offerings that fall under the exceptions in Article 4(2) and 4(3) of MiCA, where the offeror only intends to have the token traded on DEX platforms or CEXs in other jurisdictions (i.e. outside the European Union)?
Level 1 Regulation
MiCA
ESMA_QA_2486
Topic
Crypto-Asset Service Provider (CASP)
18/03/2025
Subject Matter
Interests earned from client funds deposited at credit institutions
Question
Does MiCA permit crypto-asset service providers (CASPs) to earn interest on client funds deposited in a savings account at a credit institution?
Level 1 Regulation
MiCA
ESMA_QA_2463
Topic
Crypto-Asset Service Provider (CASP)
12/03/2025
Subject Matter
Autotrading
Question
Do “copy trading services” (also referred as “auto trading services”) related to crypto-assets fall within the scope of portfolio management or any other crypto-asset services as listed in Article 3(1)(16) of MiCA?
Level 1 Regulation
MiCA
ESMA_QA_2578
Topic
Crypto-Asset Service Provider (CASP)
20/02/2025
Subject Matter
Commingling clients’ crypto-assets with crypto-assets from other entities of the group when acting as custodian
Question
Some crypto-asset service providers (CASPs) providing custody and administration of crypto-assets on behalf of clients (as defined in Article 3(1)(17) of MiCA) have sister companies that may provide certain services to the CASP’s clients, for instance, liquidity or offer lending services. These sister companies may be using the CASP as their custodian and the CASP will hold their crypto-assets within the same wallet(s) to custody other clients' crypto-assets.

Under MiCA, is a CASP providing custody and administration of crypto-assets on behalf of clients allowed to hold clients’ crypto-assets within the same wallets as crypto-assets belonging to entities of the same group?
Level 1 Regulation
MiCA
ESMA_QA_2608
Topic
Crypto-Asset Service Provider (CASP)
20/02/2025
Subject Matter
Pre-funding clients’ orders with clients’ crypto-assets
Question
Does the Markets in Crypto-Assets Regulation (MiCA) allows crypto-asset service providers (CASPs) to use clients’ crypto-assets for pre-funding client orders?
Level 1 Regulation
MiCA