Law / Digital Currency

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MiCA Requires at Least Three Criteria for Significant E-Money Tokens

One criterion covers issued value, market capitalization or issuer reserves above €5 billion.

Updated 1 min read
Visitors approach the European Parliament in Brussels beneath an overcast morning sky. (AI-generated image / EconoTimes)
Visitors approach the European Parliament in Brussels beneath an overcast morning sky. (AI-generated image / EconoTimes)

Significant e-money-token status under MiCA depends on meeting at least three statutory criteria.

The regulation treats a measure above €5 billion as one criterion when it concerns value issued, market capitalization or the reserve amount held by an issuer. Readers can check the wording in Articles 43 and 56 of MiCA.

The €5 billion measure is one input into a broader regulatory assessment.

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