How much can my company be fined under MiCA?

Common Questions

What is a crypto-asset service provider (CASP) under MiCA?

A CASP is any entity that provides services to customers relating to crypto-assets: exchanges (trading platforms), custody (holding crypto for users), advisory, portfolio management, lending, or operation of crypto ATMs. CASPs must be licensed by national authorities.

Which cryptocurrencies are regulated by MiCA?

All cryptocurrencies and tokens traded in the EU, including Bitcoin, Ethereum, stablecoins, and asset-referenced tokens (ARTs). MiCA applies to all crypto without exception — there is no list or exemption for major coins.

What are the core MiCA compliance requirements for CASPs?

Obtain a license from the national competent authority; implement transaction monitoring and AML/CFT controls; maintain customer due diligence records; segregate customer crypto assets; implement cybersecurity and operational resilience; disclose conflicts of interest; and maintain minimum capital.

Can MiCA penalties stack with other EU regulations?

Yes. A CASP may be subject to MiCA penalties, DORA penalties (if offering regulated financial services), NIS2 penalties (if classified as an important operator), and GDPR penalties (for data breaches) all at once.

What is a stablecoin under MiCA?

MiCA defines stablecoins as crypto-assets designed to maintain a stable value by reference to another value (fiat, commodity, or basket). Stablecoin issuers face strict requirements: high capital reserves, user protections, and reporting obligations to authorities.

What enforcement actions have been taken under MiCA?

Most enforcement to date has focused on licensing compliance. Hundreds of crypto exchanges and services have either obtained licenses or ceased EU operations. Significant fine cases are expected in H2 2025–2026 for unlicensed operators and AML/CFT violations.