MiCAR Token Classification: Reporting Obligations for ARTs, EMTs, and Utility Tokens
Practical MiCAR token classification decision tree for reporting teams. Covers ART, EMT, and utility token authorisation, reserves, and quarterly reporting.
Practical MiCAR token classification decision tree for reporting teams. Covers ART, EMT, and utility token authorisation, reserves, and quarterly reporting.
Last updated: March 2026 Introduction MiCAR (Markets in Crypto-Assets Regulation) creates the first comprehensive regulatory framework requiring crypto-asset service providers to implement authorization, prudential reporting, transaction monitoring, and incident notification systems. The Markets in Crypto-Assets Regulation (Regulation (EU) 2023/1114) represents the first unified rulebook for crypto-asset activities across the entire European Union. For reporting teams…