What capital requirements does MiCA impose on CASPs?

MiCA requires Class 1 CASPs (order execution) minimum EUR 50,000 capital; Class 2 (operation of trading platforms) EUR 125,000; Class 3 (custody) EUR 150,000. E-money token (EMT) and asset-referenced token (ART) issuers face much higher requirements: EMT issuers EUR 350,000 plus reserve asset management rules.

What does MiCA require for stablecoin issuers?

Significant EMT issuers (over EUR 5 billion average outstanding) face enhanced requirements: daily transaction volume cap of EUR 200 million, mandatory reserve assets (high-quality liquid assets), daily reconciliation, redemption within 5 business days, and prohibition on paying interest on EMT holdings. Non-EU stablecoins (USDT, USDC) require MiCA authorization for EU use.

MiCA Crypto Asset Compliance Cost

Estimate compliance cost for crypto asset service providers under EU MiCA regulation: whitepaper preparation, capital requirements, custody segregation, AML/CFT procedures, and regulatory reporting infrastructure.

Principal ($)

Annual Rate (%)

Years

Compounding / Year

$ Finance Disclaimer: These calculators are for educational and illustrative purposes only. Results do not constitute financial advice. Consult a licensed financial advisor before making investment or borrowing decisions.

How to Use

Enter the values for the scenario you are assessing. Estimate compliance cost for crypto asset service providers under EU MiCA regulation: whitepaper preparation, capital requirements, custody segregation, AML/CFT procedures, and regulatory reporting infrastructure. Use the mica compliance cost result to inform your calculation.

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