Title: EU / MiCA · Jurisdiction · EthSystems

URL Source: https://original.es-internal.pages.dev/jurisdictions/eu-mica/

Markdown Content:
---
description: The EU offers a single, passportable regime under MiCA: prescriptive but predictable. Stablecoins (asset-referenced and e-money tokens) came into scope mid-2024; CASP authorisation and conduct rules apply from end-2024. The AML "Travel Rule" and DORA operational-resilience obligations sit alongside MiCA for in-scope entities. The regime is permissive but heavily regulated.
title: EU / MiCA · Jurisdiction · EthSystems
image: https://original.es-internal.pages.dev/og.png
---

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#### Key regulations

* MiCA (Reg. (EU) 2023/1114)
* Transfer of Funds Regulation ("Travel Rule")
* DORA (Reg. (EU) 2022/2554)

#### Entities

* CASPs
* token issuers (ART/EMT)
* custodians
* trading venues

#### Activities

* issuance
* custody
* trading
* stablecoins
* staking

> Developer orientation. Not legal advice.

## What to Watch

* Classification line between MiCA crypto-assets and MiFID financial instruments.
* ESMA scrutiny of marketing that overstates regulatory coverage.
* DORA resilience expectations for authorised entities.

## See also

* [MiCA Regulation (EU 2023/1114) – EUR-Lex](https://eur-lex.europa.eu/eli/reg/2023/1114/oj)
* [Jurisdiction: EU Data Protection & PETs](/jurisdictions/eu-data-protection/)

Also in Europe

* [DE / eWpG (Electronic Securities Act)](/jurisdictions/de-ewpg/)
* [EU Data Protection & PETs](/jurisdictions/eu-data-protection/)

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