MiCA E-Money Token regime regulation

Regulation · PageRank 0.0157

Also known as: MiCA-EMT, MiCA Title IV

Overview

The e-money token (EMT) regime is the part of the EU's Markets in Crypto-Assets Regulation (MiCA) that governs stablecoins referencing a single official currency. Its provisions, under Title IV, have applied since 30 June 2024: EMTs may only be offered in the EU by authorised credit institutions or e-money institutions that submit a white paper to their supervisor, issuers must hold reserves matching the tokens in circulation, and holders have an unconditional right to redeem at par value at any time.

Within the DeFi Intel graph, MiCA E-Money Token regime connects to 20 tracked entities, most strongly to EU Markets in Crypto-Assets Regulation, European Union, European Securities and Markets Authority.

Relations

Top connections in the DeFi Intel knowledge graph (confidence-weighted, 10 of 20 total).

Frequently asked questions

What distinguishes an e-money token from an asset-referenced token under MiCA?

An EMT references the value of a single official currency, whereas an ART references another value or right or a combination of assets.

Who may issue an EMT in the EU?

Only entities authorised as a credit institution or as an electronic money institution under Directive 2009/110/EC.

Which MiCA title covers EMTs?

Title IV.