MiCA monitoring
in a single inbox.
MiCA's CASP regime has been live since 30 December 2024. The transitional window for pre-existing CASPs operating under national law closes on 1 July 2026 — and the Level-2 output from ESMA and EBA continues to land in the Official Journal every few weeks. Horizon Scanner watches every source — Regulation 2023/1114, every Commission Delegated Regulation, every ESMA Q&A and Guideline, plus the national MiCA-NCA tracks at BaFin, AMF, CSSF, MFSA and FMA — scores each finding against your licence perimeter and routes it to the team that owns the response.
Scope
What MiCA covers — and what we crawl for it.
Level-1 text and amendments
Regulation (EU) 2023/1114 itself plus any Council/Parliament-amending acts — surfaced from EUR-Lex the day they are published in the Official Journal.
CASP authorisation regime
Article 60–62 CASP authorisation and the Commission Delegated Regulations on application content (CDR (EU) 2025/305 + CIR (EU) 2025/306), continuity of services (CDR (EU) 2025/299) and complaints handling (CDR (EU) 2025/294). National supervisor decision letters and pre-application Q&As.
Whitepaper notification and content
Article 6 whitepaper requirements and CDR (EU) 2025/421 on the data necessary for whitepaper classification and machine-readability — including ESMA examples of acceptable disclosures.
ART / EMT issuer rules and reserves
Title III (ART) and Title IV (EMT) prudential, governance and disclosure obligations. Article 36–38 reserves (composition, liquidity, stress-tests), CDR (EU) 2025/415 + 2025/419 on own-funds adjustments, CDR (EU) 2025/1264 on liquidity management, CDR (EU) 2025/418 on remuneration.
Market abuse for crypto-assets
Articles 88–92 prohibitions plus the ESMA Guidelines on supervisory practices to prevent and detect market abuse (ESMA75-453128700-1039, 9 July 2025). STOR procedures, insider lists, suspicious-order detection.
Transition and grandfathering
Article 143 transitional regime — different Member States set windows from 6 to 18 months. The maximum EU-wide expiry is 1 July 2026. We track every national-window expiry and flag pre-existing CASPs that still need to file.
How Horizon Scanner helps
Specifically for MiCA teams.
- 01
Pre-filtered for CASP scope
Every fetched document is checked against the MiCA scope taxonomy before scoring. ART/EMT issuer rules don't land in your CASP-services queue unless you actually issue an ART or EMT — and vice versa.
- 02
Cross-mapped to DORA, TFR, AMLA
MiCA Article 68 cross-refers to DORA for ICT risk; AML obligations on CASPs route through the TFR (Reg. 2023/1113) and the upcoming AMLR (Reg. 2024/1624). When a finding hits multiple frameworks we deduplicate the audit trail and route once with both tags.
- 03
Routed to Treasury, Compliance, AML
Default routing sends whitepaper-RTS updates to Treasury, CASP-authorisation deltas to the licensing lead, market-abuse Guidelines to the surveillance desk, and TFR self-hosted-wallet flags to the AML team. Every rule is editable.
- 04
Inspection-ready audit trail
Every action — fetch, score, route, acknowledge, escalate — is recorded immutably with timestamp and actor. The 5-year retention is the default. Useful when your MiCA-NCA returns with a year-2 supervisory letter.
Sources monitored
The regulators we crawl for MiCA.
- ESMAMiCA Level-2 lead at EU level — RTS, ITS, Q&As, Guidelines on market abuse, supervisory briefings on CASP authorisation.
- EBAART/EMT prudential lead — reserves RTS, own-funds adjustments, liquidity management, remuneration. Joint-Committee work with ESMA.
- EUR-LexRegulation 2023/1114 and every Commission Delegated/Implementing Regulation as published in the Official Journal.
- BaFinHighest CASP-authorisation volume in the EU. MiCA FAQs, technical letters, supervisory expectations. German implementation of MiCA-related provisions.
- AMFFrench MiCA NCA. PSAN-to-CASP transition guidance, decision letters, AMF-Doctrine notes.
- CSSFLuxembourg MiCA NCA. CASP authorisation track, ART/EMT issuer queries, cross-border passport notifications.
- MFSAMaltese MiCA NCA. CASP authorisations, supervisory expectations, MFSA-Rulebook updates.
- FMA (AT)Austrian MiCA NCA. Pre-application Q&As, FMA-Mindeststandards relevant to MiCA, decision summaries.
Custom sources can be added in minutes — supervisory blog feeds, association circulars, internal counsel memos all route through the same engine.
FAQ
What MiCA buyers ask first.
How do you distinguish ART, EMT and "other" crypto-asset rules in routing?
MiCA Title II (other crypto-assets), Title III (asset-referenced tokens) and Title IV (e-money tokens) are separate scope domains in the routing taxonomy. A CASP that does not issue ARTs or EMTs only receives Title V (CASP-services) findings by default — Title III/IV are surfaced as cross-tags only when relevant for counterparty diligence.
Does scope include consultations or only adopted CDRs?
Both. Consultation papers (ESMA, EBA, Joint-Committee) are surfaced with a "consultation" severity tag so your team can comment before the text is final. Adopted CDRs (with Official-Journal publication date) move into your monitoring queue with severity scored on substantive change vs the consulted draft.
How do you handle the MiCA-DORA overlap on ICT?
MiCA Article 68 cross-refers CASPs to DORA for ICT risk management, business continuity and third-party ICT risk. We tag findings with both frameworks where they apply, and the routing matrix lets you send the ICT-side to your CISO while keeping the MiCA-side with the licensing lead. Dual-tagged findings appear once in the audit trail.
Can we subscribe selectively to national MiCA-NCA packages?
Yes. Every source is tagged by jurisdiction. A CASP authorised solely in DE can monitor BaFin + EU-level (ESMA, EBA, EUR-Lex); a group running a multi-licence setup across DE, FR and MT can subscribe to all three national tracks plus EU-level, with deduplication when a national circular implements a Level-2 CDR. Configurable per team or department.