This is the second article of our detailed examination on the
European Union's Markets in Crypto-Assets Regulation
("MiCA"), the most comprehensive
regulatory action in the crypto-assets industry. We will closely
scrutinize MiCA with a crisp and clear approach over six weeks,
with an article in each week dedicated to essential aspects of
MiCA.
For a better understanding, please read the previous part.
1. Who is subject to MiCA?
MiCA stipulates provisions affecting the entire crypto
ecosystem, from crypto-asset issuers to crypto-asset service
providers ("CASPs"). It is crucial to
assess and understand how MiCA will apply to your business.
MiCA applies to natural and legal persons and certain other
undertakings that are engaged in the issuance, offer to the public,
and admission to trading of crypto-assets or that provide services
related to crypto-assets in the European Union
("EU")1.
This means that if, for instance, you plan to conduct a token
generation
