MiCA Asset-Referenced Token regime regulation
Overview
Title III of the European Union's Markets in Crypto-Assets Regulation (MiCA) defines one of its two stablecoin categories as an asset-referenced token (ART). Unlike a token pegged to a single fiat currency, an ART aims for value stability by linking to another right or value, or a combination thereof — this could include a basket of currencies, commodities, or other crypto-assets. Any issuer must obtain authorisation from a competent national authority within the EU and must meet obligations covering reserves, governance, disclosures, and a white paper. The stablecoin provisions of MiCA took effect on 30 June 2024. For ARTs that cross certain significance thresholds, supervision falls to the European Banking Authority.
Within The Counterparty graph, MiCA Asset-Referenced Token regime connects to 4 tracked entities, most strongly to EU Markets in Crypto-Assets Regulation, European Union, European Securities and Markets Authority.
Relations
Top connections in The Counterparty knowledge graph (confidence-weighted, 4 of 4 total).
| Relation | Connected entity | Confidence |
|---|---|---|
governs | EU Markets in Crypto-Assets Regulation | 97% |
applies_in | European Union | 95% |
regulates | European Securities and Markets Authority | 95% |
governs | European Banking Authority | 93% |
Frequently asked questions
What is MiCA Asset-Referenced Token regime?
MiCA Asset-Referenced Token regime is a regulation tracked in The Counterparty knowledge graph. It is connected to 4 other tracked entities, most strongly to EU Markets in Crypto-Assets Regulation, European Union, European Securities and Markets Authority.
What type of entity is MiCA Asset-Referenced Token regime?
MiCA Asset-Referenced Token regime is classified as a regulation (regulation) in The Counterparty knowledge graph.
What is MiCA Asset-Referenced Token regime connected to?
In The Counterparty knowledge graph, MiCA Asset-Referenced Token regime is linked to 4 other tracked entities, most strongly to EU Markets in Crypto-Assets Regulation, European Union, European Securities and Markets Authority.
Sources
Facts in this record were checked against the following. Where a claim is not covered here, the record states only what the graph holds.