To ensure a smooth transition, the crypto market participants should familiarize themselves with the current regulatory framework in their home member state which is still applicable during the transitional period, and use the requirements of the MiCA regulation as a blueprint for adjusting their arrangements in accordance to the upcoming regulatory regime.
Notwithstanding narrow exemptions, all crypto-asset issuers will have to prepare a white paper, including the information about:
- The issuer;
- The crypto-asset project;
- The token;
- The underlying technology including environmental effect;
- The associated risks;