The AFM published a non-paper evaluating the Markets in Crypto-Assets Regulation (MiCA) on September 2026. The document provides insights and assessments regarding the implementation and effectiveness of MiCA since its introduction.
The evaluation relies on the Markets in Crypto-Assets Regulation, specifically Article 63 and Article 60, which govern the licensing and notification requirements for crypto-asset service providers.
The non-paper applies to crypto-asset service providers (CASPs) and token issuers operating within the European Union, as they must comply with MiCA regulations.
The material does not specify a deadline for compliance or any transitional period related to the findings of the non-paper.
The non-paper is available in PDF format and aims to inform CASPs and token issuers about potential implications for their compliance strategies and operational practices under MiCA.