On 30 June 2024, the Markets in Crypto Assets Regulation (MiCA) comes into force. The Regulation applies to issuers of e-money tokens and asset-referenced tokens and includes transparency rules, requiring them to publish a white paper presenting the crypto-asset characteristics, data regarding their asset reserves, and the consumers' rights and obligations. The white paper has to be submitted to the authorities for approval before it is released to the public. Furthermore, the issuers have to ensure that they meet cybersecurity requirements to safeguard the investments in the crypto-assets, or their activities could be suspended.
Original source