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ESMA_QA_2845
Topic
White paper
12/05/2026
Subject Matter
Machine-readable (XBRL) format requirement for modified white papers
Question
When a reporting entity (e.g., an issuer, offeror, or person seeking admission to trading) notifies a modification of a white paper originally submitted before the entry into application of Commission Implementing Regulation (EU) 2024/2984 on 23 December 2025, is the reporting entity required to submit the modified white paper in the machine-readable format specified in the regulation?
Level 1 Regulation
MiCA
ESMA_QA_2769
Topic
Market abuse in crypto-asset market
12/02/2026
Subject Matter
Personal scope of persons professionally arranging or executing transactions under MiCA
Question
What entities should be considered as Persons Professionally Arranging or Executing Transactions (PPAETs) for the obligation to prevent, detect and report market abuse or attempted market abuse under Article 92(1) of MiCA?
Level 1 Regulation
MiCA
ESMA_QA_2746
Topic
Crypto-Asset Service Provider (CASP)
05/01/2026
Subject Matter
CASP Group Structure under MiCA
Question
Under the MiCA framework, can a group structure be set up whereby a non-regulated holding acts as the principal commercial counterparty towards customers (including entering into customer contracts, maintaining customer relationships, and issuing invoices), while a licensed Crypto-Asset Service Provider (CASP) within the same group (daughter company) performs and executes the regulated crypto-asset services?
In such a structure, would it be permissible for the CASP to provide the regulated services without directly contracting with, or invoicing, the end customers, provided that all MiCA requirements (including governance, outsourcing, conflict of interest, and conduct of business rules) are appropriately met?
Level 1 Regulation
MiCA
ESMA_QA_2654
Topic
White paper
25/09/2025
Subject Matter
Offerors and CASPs’ responsibilities with regards to white papers for Title II tokens admitted to trading prior to 30 December 2024
Question
What are the respective responsibilities of offerors, persons seeking admission to trading, operators of trading platforms and other CASPs mentioned in Article 66(3) of MiCA with regard to white papers for crypto-assets other than ARTs and EMTs that were admitted to trading prior to 30 December 2024?
Level 1 Regulation
MiCA
ESMA_QA_2579
Topic
Crypto assets
20/06/2025
Subject Matter
Shared order book model
Question
Under the Markets in Crypto-Assets Regulation (MiCA), is it permissible for an EU trading platform for crypto-assets that is operated by a crypto-asset service provider (CASP) authorised under MiCA to pool its order book with that of one or more non-EU trading platforms operated by an entity or entities that are not authorised as CASPs under MiCA?
Level 1 Regulation
MiCA