ESMA overview of Level 2 and Level 3 measures under MiCA

ESMA overview of Level 2 and Level 3 measures under MiCA ESMA Overview of Level 2 and Level 3 measures related to Regulation (EU) 2023/1114 Markets in Crypto-Assets (MiCA) Last update:

16/07/2025 # Reference Type (*) Issued Description Reference Date article DA, RTS, ITS, by GL, Q&Ai, Opinion, Reports, Supervisory briefing, Statement 1.

2 Q&A ESMA Possibility of natural persons and trusts / trustees to be ESMA_QA_2342 12 December 2024 authorised as CASPs 2.

2, 143 Q&A ESMA Crypto-asset services of a DLT MI ESMA_QA_2005 7 November 2023 3.

2(5) GL ESMA ESMA to issue guidelines on the conditions and criteria Final Guidelines Published 19 March for the qualification of crypto-assets as financial (ESMA75453128700- 2025. instruments.

1323) and translations published on the To apply 60 calendar ESMA website days after publication of the translations.

4.

3(1)(12), 16(1), Q&A ESMA Scope of public offering ESMA_QA_2404 17 January 2024 48(1), 143(4)(5) 5.

3(1)(17) Q&A ESMA Commingling clients’ crypto-assets with crypto-assets ESMA_QA_2578 17 June 2025 from other entities of the group when acting as custodian 6.

3(1)(26), 82(2) Q&A ESMA Crypto-asset transfers as component of another crypto- ESMA_QA_2071 20 June 2024 asset service or as a separate crypto-asset transfer service 7.

3(1)(15)(19)(20), Q&A ESMA Proprietary trading under MICA ESMA_QA_2293 6 June 2025 76(5) 8.

3(1)(16) Q&A ESMA Auto trading ESMA_QA_2463 7 April 2025 9.

3(2) DA EC The Commission shall adopt delegated acts in TBC accordance with Article 139 to supplement this Regulation by further specifying technical elements of the definitions laid down in Art.

3(1), and to adjust those definitions to market developments and technological developments.

10.

6(11), 19(10), ITS ESMA, ESMA with EBA to establish standard forms, formats and EC Implementing Published in the Official 51(10) EBA templates for the purposes of making crypto- asset Regulation (EU) Journal 3 December 2024. whitepapers available in a machine-readable format.

2024/2984 In force since 23 December 2024 and shall apply from 23 December 2025.

11.

6(12), 19(11), RTS ESMA, ESMA and EBA, to specify the content, methodologies EC Delegated Published in the Official 51(15), 66(6) EBA and presentation of the information in respect of the Regulation (EU) Journal 31 March 2025. sustainability indicators relating to adverse impacts on 2025/422 the climate and other environment-related adverse In force since 20 April impacts. th 2025 (i.e.

20 day following publication in the Official Journal).

12.

14(1) GL ESMA, ESMA, with EBA, to issue guidelines so that issuers of Final Guidelines Published 26 February EBA ESMA · level2_level3_inventory · reference_inventory

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