Understanding MiCA: Utility Token, Licensing, and Supervision Explained
The article discusses the implications of the Markets in Crypto-Assets (MiCA) proposal on utility tokens. It outlines the specific types of crypto-assets that fall outside the scope of MiCA, including DeFi protocols, pure NFTs, CBDCs, security tokens, and other crypto-assets that qualify as financial instruments. The introduction of licensing requirements for crypto-asset service providers, issuers … Read more