MiCA compliance for SME platform.
Markets in Crypto-Assets Regulation (Regulation (EU) 2023/1114). Enforced from 2024-06-30 (titles III, IV) / 2024-12-30 (full). Supervised by ESMA + national competent authorities (e.g. BaFin in Germany, AMF in France). Coreal generates the evidence pack automatically on every Minctrl build — see /security-compliance for the full posture.
What this regulation covers.
Authorisation and supervision of crypto-asset service providers (CASPs), stablecoin issuance and custody.
For a SME platform, the salient angles are: Merchant onboarding KYB (beneficial ownership, ML risk); Sub-merchant aggregation under acquiring rules; Tier-2 sanctions screening per merchant + transaction. Primary licence: PI for payment services; partner-acquirer for cards.
- Art. 16 — CASP authorisation requirements
- Art. 33 — Custody and administration of crypto-assets
- Art. 60 — Asset-referenced tokens (stablecoins)
- Art. 75 — Capital requirements
What lands in the regulator file.
All items journaled, replayable, 7-year retention.
Which MiCA articles apply to a sme?
Primarily: Art. 16 — CASP authorisation requirements; Art. 33 — Custody and administration of crypto-assets; Art. 60 — Asset-referenced tokens (stablecoins). The full mapping is in the Coreal compliance posture document — see /security-compliance.
What evidence does Coreal generate per audit?
CASP authorisation file (national competent authority submission); Custody-light architecture diagram + key-management policy; Travel Rule (IVMS101) integration evidence. The Minctrl pipeline produces this artefact set automatically on every build — see /company §05 'How we ship'.
What are the penalties for non-compliance?
€5M minimum per breach for legal entities; up to 12.5% of annual turnover for systemic issues.
Bring the perimeter,
leave with a brief.
Read the Wave-1 runbook first.
The full 90-day launch sequence — phases, partner-bank gates, who signs off when. No form to read it.
Read the runbook →INDICATIVE DATA · Numbers and timelines reflect public regulator filings, vendor documentation and our own delivery experience. Per-engagement values vary with operator profile, BSS vintage and regulatory perimeter. Engage early for a fitted estimate under NDA.