MiCA — Markets in Crypto-Assets Regulation
Last updated: 24 May 2026 · 6 min read
In force since 30 December 2024. AI-mediated crypto disclosures + audit trails for crypto-asset service providers (CASPs).
In force since 30 December 2024
Stablecoin rules applicable since 30 June 2024.
Crypto-asset service providers (CASPs) + issuers
Exchanges, custodians, brokers, advisors, transfer services.
Up to 5% of annual turnover
Or €5M for individuals — whichever is higher.
Governance Gate (API 03) + Bundle export (API 06) — roadmap
Designed for real-time risk-warning enforcement + signed audit trail.
What MiCA requires
Regulation (EU) 2023/1114 — MiCA — establishes a harmonised EU regime for crypto-assets. Issuers must publish a white paper and meet ongoing transparency duties; CASPs must be authorised, hold client assets securely, treat clients fairly and keep records of every order, communication and complaint. Marketing communications must be clear, fair and not misleading, and explicitly identified as such.
When a CASP uses an AI voice agent or chatbot for onboarding, advice, support or trading prompts, those interactions are regulated communications. Mandatory risk warnings, suitability checks, conflict-of-interest disclosures and best-execution evidence all need to be demonstrable per session.
How Audact covers MiCA
- Approved disclosure language— the Governance Gate enforces mandated risk-warning text in the customer’s language, with off-script content blocked at the proxy layer.
- Suitability and scope checks— Outbound Eligibility verifies jurisdiction, retail-vs-pro client status and whether the asset class is permitted before the call connects.
- Signed evidence chain— every transcript, consent record and policy verdict is Merkle-anchored, and the planned Multi-Regulation Bundle API will make it exportable in a MiCA-ready package.
Frequently asked questions
When did MiCA take effect?
MiCA’s full regime applies to crypto-asset service providers from 30 December 2024. Stablecoin (ART/EMT) issuer rules have applied since 30 June 2024.
Who must comply with MiCA?
Crypto-asset issuers and any firm providing crypto-asset services in the EU — exchanges, custodians, brokers, advisors, portfolio managers and transfer services — collectively designated as CASPs.
Does MiCA cover AI voice and chat?
Yes. MiCA disclosure, fair-marketing and record-keeping obligations apply regardless of channel. AI-mediated onboarding, support and advice triggers the same suitability, risk-warning and audit-trail requirements as a human agent.
How does Audact help with MiCA?
Audact’s Governance Gate enforces approved risk warnings and disclosure language in real time, and the planned Multi-Regulation Bundle API will export MiCA-ready transcripts, consent records and policy verdicts.
Next steps
A MiCA-ready evidence export against synthetic CASP traffic is on the roadmap. Read the planned multi-regulation API spec, or talk to us about early access.
Disclaimer: This page is for informational purposes only and does not constitute legal advice. Consult qualified legal counsel for your specific compliance obligations.