Crypto-asset
A digital representation of a value or of a right that is able to be transferred and stored electronically using distributed ledger technology or similar technology.
As defined in the MiCA Regulation.
This definition, as relevant within the context of the MiCA framework, has a broad area of application and includes typical cryptocurrencies such as Bitcoin and Ethereum, but also stablecoins and utility tokens.
MiCA introduces three sub-categories of crypto-assets that are subject to different requirements depending on the risks they entail:
- Asset-referenced tokens are stablecoins that are not referencing the value of an official currency (fiat money), i.e. they are not e-money tokens.
- E-money tokens are stablecoins referencing the value of an official currency (fiat money).
- All other crypto-assets, not included above, such as utility tokens.
UpdatedApr 21, 2023