Crypto-asset services became a regulated activity on 30 December 2024.
The Markets in Crypto-Assets Regulation (Regulation (EU) 2023/1114) is the EU-wide rulebook for crypto-asset service providers and token issuers. Venvera is MiCA compliance software that turns the regulation into a scoped, trackable programme: which activities need authorisation, how client crypto-assets and funds must be protected, and how to evidence conduct, market integrity and reporting instead of discovering the gaps in a supervisory review.
What is MiCA, and does it apply to you?
MiCA is the first EU-wide framework for crypto-asset markets. It regulates two populations: crypto-asset service providers (CASPs) that run exchanges, custody, trading platforms, execution, transfers or advice, and issuers or offerors of crypto-assets. It splits crypto-assets into three categories: asset-referenced tokens (ARTs), e-money tokens (EMTs) and other crypto-assets, and the obligations differ by category. The rules for ARTs and EMTs have applied since 30 June 2024; the rules for CASPs and other crypto-assets have applied since 30 December 2024, with a Member-State transitional window under which existing providers may continue only until they are authorised or until 1 July 2026 at the latest. A CASP must be authorised by its home competent authority, hold prudential safeguards, keep clients’ crypto-assets and funds segregated and safe, manage conflicts of interest, handle complaints, prevent market abuse, and keep records. Venvera runs all of this as MiCA compliance software: it maps the CASP and issuer duties to controls, scores your readiness, and tracks the evidence behind each one.
Know what needs authorising, and stay inside the scope.
MiCA turns crypto-asset services into a licensed activity. Venvera walks you through it: which crypto-assets you touch and how each is classified (asset-referenced token, e-money token, or other crypto-asset), which services you provide and therefore what your CASP authorisation must cover, and whether an offer or admission to trading needs a crypto-asset white paper. The determination is documented, dated and re-runnable when your product line or the transitional window changes.
- Crypto-asset classification: ART, EMT, or other crypto-asset
- CASP authorisation scope, service by service
- Offer and admission-to-trading and white-paper obligations
- Cross-border passporting and the transitional window, tracked
Fit-and-proper, sound governance and the capital to back it.
MiCA holds the management body and the organisation to prudential and governance standards. Venvera tracks them as controls with evidence: fit-and-proper assessments for the board and qualifying shareholders, a clear organisational structure with internal control and risk management, prudential safeguards at least equal to the applicable requirement (the Annex IV minimum for the service class or a quarter of fixed overheads for a CASP, or the own-funds basis for an issuer), a conflicts-of-interest policy, an outsourcing regime, and business continuity for critical services.
- Management-body and qualifying-shareholder fit-and-proper (Art 68)
- Prudential safeguards and own funds monitored on an ongoing basis
- Conflicts of interest identified, managed and disclosed
- Outsourcing with retained responsibility and business continuity
Segregate, safeguard and account for every client position.
Protecting clients’ crypto-assets and funds is the heart of MiCA. Venvera tracks the safekeeping duties: segregation of clients’ crypto-assets and funds from the organisation’s own assets, client funds held with a credit institution or central bank, a custody policy with a register of positions and secure handling of the means of access, recognition of custody liability for loss, and, for token issuers, a reserve or safeguarded funds that fully back the tokens in circulation with redemption rights honoured.
- Segregation of client crypto-assets and funds, never own-account use
- Custody policy, register of positions and key-access controls
- Custody liability for loss recognised and managed
- Reserve and backing of tokens, with redemption rights (ART/EMT)
Fair, clear and not misleading, from marketing to complaints.
MiCA sets a conduct standard: act honestly, fairly and professionally in clients’ best interests. Venvera tracks the duties that follow: white papers with the mandatory disclosures for each asset type, marketing communications that are identifiable and consistent with the white paper, clear disclosure of prices, costs, charges and risks, the right of withdrawal for eligible retail offers, and effective complaints-handling procedures with records of outcomes.
- Honest, fair and professional conduct in clients’ best interests
- White-paper content and marketing communications reviewed
- Costs, charges, risks and right of withdrawal disclosed
- Complaints handled promptly and fairly, with records
Inside information, insider dealing and market manipulation.
MiCA extends a market-abuse regime to crypto-assets. Venvera tracks the controls: identifying and restricting inside information and disclosing it where you are an issuer, prohibiting insider dealing and unlawful disclosure through policy, personal-account-dealing rules and training, prohibiting market manipulation, and, where you arrange or execute transactions, maintaining arrangements to prevent and detect market abuse and to report suspicious orders and transactions to your competent authority.
- Inside-information handling and public disclosure (Arts 87, 88)
- Insider-dealing and unlawful-disclosure prohibitions enforced
- Market-manipulation prohibition with proportionate surveillance
- Suspicious transaction and order reporting to the authority (Art 92)
Records, reporting and DORA on one platform.
MiCA requires complete records of services, orders and transactions and timely reporting to the competent authority, and it points CASPs at digital operational resilience. Because a CASP is also a financial entity under DORA, the ICT resilience work overlaps directly: Venvera runs MiCA alongside DORA so your ICT risk management, incident reporting and resilience testing are tracked once and count for both. The travel-rule information duties that accompany crypto transfers are covered in the same place.
- Record-keeping of services, orders and transactions (Art 68(9))
- Regulatory reporting to the competent authority, timed
- ICT resilience shared with your DORA programme
- Transfer-of-funds (Travel Rule) information duties covered
The spreadsheet or Venvera.
The Markets in Crypto-Assets Regulation, answered.
Know where you stand on MiCA across every area.
Start with a free gap report across all six MiCA areas - 10 minutes, no email to start.
✓ Every paid plan: audit-ready in 90 days, or your money back
10 minutes · no email to start · no credit card · yours to keep