MiCA-compliant whitepaper has been voluntarily filed for Cardano under the EU’s crypto regulatory framework, potentially paving the way for ADA to be listed and traded on regulated European platforms. This development is seen as a significant step toward enhancing Cardano’s legitimacy and accessibility in the European market.
MiCA, which fully came into effect on December 30, 2024, establishes uniform rules for crypto-assets across the EU, requiring issuers and service providers to meet specific transparency, disclosure, and authorization standards. For a crypto-asset like ADA to be MiCA-compliant, it would need to adhere to these requirements, such as submitting a whitepaper detailing its purpose, technology, risks, and issuer information to a national competent authority or the European Securities and Markets Authority (ESMA). The Cardano Foundation has previously demonstrated efforts toward MiCA compliance, notably with the release of sustainability indicators in July 2024 in collaboration with the Crypto Carbon Ratings Institute (CCRI), addressing the regulation’s environmental disclosure mandates.
