MiCA: Classification of Cryptoassets

An overview of delegated acts, technical standards, and guidelines regarding classifying cryptoassets.
Last updated May 2025.

Guidelines on templates for explanations and opinions, and the standardised test for the classification of cryptoassets including ARTs

Status: Final text published — applies from 10 May 2025
Source: ESAs (ESMA, EBA, and EIOPA)

Guidelines on the conditions and criteria for the qualification of cryptoassets as financial instruments

Status: Final text published — applies from 18 May 2025
Source: ESMA

SMSG advice to ESMA on its consultation papers on reverse solicitation and the qualification of cryptoassets as financial instruments under MiCA

Status: N/A
Source: SMSG

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