The Markets in Crypto‑Assets Regulation (MiCA), EU Regulation 2023/1114, marks the bloc’s first broad legal framework for cryptocurrencies and digital assets.
Fully applicable since 30 December 2024, its goal is to harmonize crypto rules across all 27 member states - adding clarity, deterring abuse, and boosting investor trust.
CASPs (wallets, exchanges, custodians) need a license from a national regulator and must establish a local office and EU-based director. Once authorised, services can be passported across the EU.
Token issuers (excluding small-scale) must produce a white paper and operate under a legal entity.
EMTs and ARTs must maintain reserves, governance, redemption protocols, and transparency obligations.
CASPs must act “honestly, fairly and professionally,” publish fees, manage conflicts, and disclose relevant info .
Rigorous KYC, real‑time wallet screening, Travel‑Rule alignment, and anti‑market‑abuse surveillance are mandated.
While MiCA is directly binding, implementation varies:
6. Scorechain: Your MiCA Compliance Companion
Scorechain is a crypto compliance intelligence platform trusted by financial institutions, regulators, and crypto-native businesses across Europe and beyond.
Our mission is to help Crypto Asset Service Providers (CASPs) navigate complex regulations- like MiCA, AML directives, and the Travel Rule - with total confidence, automation, and accuracy.
Whether you're an exchange, wallet provider, stablecoin issuer, or traditional financial institution entering crypto, Scorechain helps you stay compliant, avoid risk, and grow securely.
Scorechain offers a holistic end-to-end suite tailored to MiCA’s demands.
Think of Scorechain as your crypto compliance control center:
All on the platform. All designed to meet and exceed MiCA requirements.
Automated, real-time monitoring.
No need to manually compile audit trails or generate compliance exports.
MiCA expects CASPs to comply with the FATF Travel Rule for fund transfers.
Scorechain lets you tailor your compliance logic.
MiCA applies across all your digital assets—Scorechain covers them.
For MiCA-licensed entities, audits are inevitable. Make them painless.
Live Case:
A mid-sized CASP integrated Scorechain to automate KYC flows, wallet screening, risk flags, and Travel-Rule enforcement, resulting in a successful mock ESMA review in hours.
Built in Europe, for Europe
We speak your regulatory language - whether you're dealing with BaFin, AMF, CNMV, or CSSF.
Human Support That Knows Your Business
Every Scorechain client gets direct access to expert compliance support - not just chatbots or email forms. Need help prepping your whitepaper annex? Want feedback on your AML policy before filing? We’ve got you covered.
Scalable Infrastructure
From startups to top-tier banks, Scorechain scales with your needs. Handle millions of transactions, screen hundreds of wallets, or monitor token usage globally -with no performance bottlenecks.
Plug-and-Play Integrations
Easy APIs and Webhooks make Scorechain fit into your stack, whether you're using third-party KYC vendors, internal case management, or regulatory portals.
Q: When did MiCA become law?
MiCA entered into force on 29 June 2023, with two key compliance deadlines: 30 June 2024 (stablecoins) and 30 December 2024 (CASPs and others).
Q: What documents must be submitted to regulators?
To apply for MiCA authorization as a Crypto Asset Service Provider (CASP) or token issuer, you'll need to provide:
Requirements may vary slightly between EU member states. Scorechain tracks and aligns with jurisdiction-specific demands.
Q: Who is affected by the MiCA Regulation?
MiCA applies to:
In short: if you deal with crypto in the EU, you’re likely in scope.
Q: Who do you apply to for authorization?
Authorization requests must be submitted to your local National Competent Authority (NCA) - the financial supervisor in your country.
Examples include:
Q: Are non-EU firms included?
Yes - if you service EU clients or maintain EU wallets, MiCA applies. Passport rights enable cross-border services.
Q: What are penalties for non-compliance?
Fines vary by country, but can reach millions or lead to license suspension. Reputational fallout is a major risk .
Q: Do DeFi and NFTs count?
While covered generically, DeFi and NFTs introduce grey areas. National approaches vary - so assess local guidance.
👉 Ready to take MiCA compliance off your worry list?
Book a call with Scorechain and learn how we help crypto companies reduce the cost, risk, and complexity of meeting MiCA requirements.
350+ COMPLIANCE & DIGITAL ASSET TEAMS TRUST US