{"release":{"id":"2d86bd12ba77a288053b34ea2517324b92d03c8039b7f5d156fa4002421384a1","published":"2026-11-10T16:06:46Z","pinned":false},"limits":{"coverage":{"history":"full","held_since":"2023-06-09","gaps":[],"covered":["MiCA L1"],"not_covered":["national guidance","court decisions"]},"freshness":{"release_id":"2d86bd12ba77a288053b34ea2517324b92d03c8039b7f5d156fa4002421384a1","release_published":"2026-11-10T16:06:46Z","checked_at":null,"checked_against":null},"truncation":{"shown":31,"total":31,"capped":false,"cap":1000,"next_cursor":null},"failures":[],"incomplete":[]},"page":{"path":"/mica/articles/12","url":"https://www.headlesslaw.com/mica/articles/12","title":"Article 12 — Modification of published crypto-asset white papers and of published marketing communications","work_id":"mica","date_state":"current","as_of":"2026-11-11","relations_url":"https://www.headlesslaw.com/mica/articles/12/relations"},"as_of":"2026-11-11","counts":{"uses_term:out":21,"refers_to:out":5,"refers_to:in":5},"relations":[{"edge_id":"209f920fdd41b63ae3fa","scope":"unit","type":"uses_term","direction":"out","resolution":"resolved","basis":"curated_link_pass","method":"extracted_relationships","confidence":"high","src_from":"2024-01-09","src_until":null,"span":"offeror","dst_raw":"eu.mica.definition.offeror","other":{"work_id":"mica","level":"L1","locator":"mica/art/3/para/1/pt/13","url":"/definitions/mica/offeror","title":"Definitions","key":"3(1)(13)","state_on_date":"in_force"},"evidence":{"object":"eu.mica.legal_text.article.12","source_block_id":"eu.mica.article.12.paragraph.3"}},{"edge_id":"3b8591c3d3a7e4ec6d4a","scope":"unit","type":"uses_term","direction":"out","resolution":"resolved","basis":"curated_link_pass","method":"extracted_relationships","confidence":"high","src_from":"2024-01-09","src_until":null,"span":"crypto-asset","dst_raw":"eu.mica.definition.crypto-asset","other":{"work_id":"mica","level":"L1","locator":"mica/art/3/para/1/pt/5","url":"/definitions/mica/crypto-asset","title":"Definitions","key":"3(1)(5)","state_on_date":"in_force"},"evidence":{"object":"eu.mica.legal_text.article.12","source_block_id":"eu.mica.article.12.paragraph.3"}},{"edge_id":"7a97341668892fe87e01","scope":"unit","type":"uses_term","direction":"out","resolution":"resolved","basis":"curated_link_pass","method":"extracted_relationships","confidence":"high","src_from":"2024-01-09","src_until":null,"span":"home Member State","dst_raw":"eu.mica.definition.home-member-state","other":{"work_id":"mica","level":"L1","locator":"mica/art/3/para/1/pt/33","url":"/definitions/mica/home-member-state","title":"Definitions","key":"3(1)(33)","state_on_date":"in_force"},"evidence":{"object":"eu.mica.legal_text.article.12","source_block_id":"eu.mica.article.12.paragraph.3"}},{"edge_id":"a616193716fd0df21351","scope":"unit","type":"uses_term","direction":"out","resolution":"resolved","basis":"curated_link_pass","method":"extracted_relationships","confidence":"high","src_from":"2024-01-09","src_until":null,"span":"competent authority","dst_raw":"eu.mica.definition.competent-authority","other":{"work_id":"mica","level":"L1","locator":"mica/art/3/para/1/pt/35","url":"/definitions/mica/competent-authority","title":"Definitions","key":"3(1)(35)","state_on_date":"in_force"},"evidence":{"object":"eu.mica.legal_text.article.12","source_block_id":"eu.mica.article.12.paragraph.3"}},{"edge_id":"3384d51b7f5d2030a14f","scope":"unit","type":"uses_term","direction":"out","resolution":"resolved","basis":"curated_link_pass","method":"extracted_relationships","confidence":"high","src_from":"2024-01-09","src_until":null,"span":"home Member State","dst_raw":"eu.mica.definition.home-member-state","other":{"work_id":"mica","level":"L1","locator":"mica/art/3/para/1/pt/33","url":"/definitions/mica/home-member-state","title":"Definitions","key":"3(1)(33)","state_on_date":"in_force"},"evidence":{"object":"eu.mica.legal_text.article.12","source_block_id":"eu.mica.article.12.paragraph.5"}},{"edge_id":"ada176ba36f1f00fb681","scope":"unit","type":"uses_term","direction":"out","resolution":"resolved","basis":"curated_link_pass","method":"extracted_relationships","confidence":"high","src_from":"2024-01-09","src_until":null,"span":"host Member States","dst_raw":"eu.mica.definition.host-member-state","other":{"work_id":"mica","level":"L1","locator":"mica/art/3/para/1/pt/34","url":"/definitions/mica/host-member-state","title":"Definitions","key":"3(1)(34)","state_on_date":"in_force"},"evidence":{"object":"eu.mica.legal_text.article.12","source_block_id":"eu.mica.article.12.paragraph.5"}},{"edge_id":"b45887c8097da77a081b","scope":"unit","type":"refers_to","direction":"out","resolution":"resolved","basis":"explicit_legal_cross_reference","method":"extracted_relationships","confidence":"medium","src_from":"2024-01-09","src_until":null,"span":"Article 109(2)","dst_raw":"eu.mica.article.109","other":{"work_id":"mica","level":"L1","locator":"mica/art/109","url":"/mica/articles/109","title":"Register of crypto-asset white papers, of issuers of asset-referenced tokens and e-money tokens, and of crypto-asset service providers","key":"109","state_on_date":"in_force"},"evidence":{"object":"eu.mica.legal_text.article.12","source_block_id":"eu.mica.article.12.paragraph.5"}},{"edge_id":"b6627cd6119f5024ba95","scope":"unit","type":"refers_to","direction":"out","resolution":"resolved","basis":"explicit_legal_cross_reference","method":"extracted_relationships","confidence":"medium","src_from":"2024-01-09","src_until":null,"span":"Article 8(6)","dst_raw":"eu.mica.article.8","other":{"work_id":"mica","level":"L1","locator":"mica/art/8","url":"/mica/articles/8","title":"Notification of the crypto-asset white paper and of the marketing communications","key":"8","state_on_date":"in_force"},"evidence":{"object":"eu.mica.legal_text.article.12","source_block_id":"eu.mica.article.12.paragraph.5"}},{"edge_id":"ce3e759aab4d5c273599","scope":"unit","type":"uses_term","direction":"out","resolution":"resolved","basis":"curated_link_pass","method":"extracted_relationships","confidence":"high","src_from":"2024-01-09","src_until":null,"span":"competent authority","dst_raw":"eu.mica.definition.competent-authority","other":{"work_id":"mica","level":"L1","locator":"mica/art/3/para/1/pt/35","url":"/definitions/mica/competent-authority","title":"Definitions","key":"3(1)(35)","state_on_date":"in_force"},"evidence":{"object":"eu.mica.legal_text.article.12","source_block_id":"eu.mica.article.12.paragraph.5"}},{"edge_id":"3fa04cc7e974bafe9f9e","scope":"unit","type":"refers_to","direction":"out","resolution":"resolved","basis":"explicit_legal_cross_reference","method":"extracted_relationships","confidence":"medium","src_from":"2024-01-09","src_until":null,"span":"Article 9","dst_raw":"eu.mica.article.9","other":{"work_id":"mica","level":"L1","locator":"mica/art/9","url":"/mica/articles/9","title":"Publication of the crypto-asset white paper and of the marketing communications","key":"9","state_on_date":"in_force"},"evidence":{"object":"eu.mica.legal_text.article.12","source_block_id":"eu.mica.article.12.paragraph.4"}},{"edge_id":"8f789e14a4634c64179d","scope":"unit","type":"uses_term","direction":"out","resolution":"resolved","basis":"curated_link_pass","method":"extracted_relationships","confidence":"high","src_from":"2024-01-09","src_until":null,"span":"crypto-asset","dst_raw":"eu.mica.definition.crypto-asset","other":{"work_id":"mica","level":"L1","locator":"mica/art/3/para/1/pt/5","url":"/definitions/mica/crypto-asset","title":"Definitions","key":"3(1)(5)","state_on_date":"in_force"},"evidence":{"object":"eu.mica.legal_text.article.12","source_block_id":"eu.mica.article.12.paragraph.4"}},{"edge_id":"1a1ebe544ab86005b0dd","scope":"unit","type":"uses_term","direction":"out","resolution":"resolved","basis":"curated_link_pass","method":"extracted_relationships","confidence":"high","src_from":"2024-01-09","src_until":null,"span":"offer to the public","dst_raw":"eu.mica.definition.offer-to-the-public","other":{"work_id":"mica","level":"L1","locator":"mica/art/3/para/1/pt/12","url":"/definitions/mica/offer-to-the-public","title":"Definitions","key":"3(1)(12)","state_on_date":"in_force"},"evidence":{"object":"eu.mica.legal_text.article.12","source_block_id":"eu.mica.article.12.paragraph.1"}},{"edge_id":"3febc61b849c534c8368","scope":"unit","type":"uses_term","direction":"out","resolution":"resolved","basis":"curated_link_pass","method":"extracted_relationships","confidence":"high","src_from":"2024-01-09","src_until":null,"span":"crypto-assets","dst_raw":"eu.mica.definition.crypto-asset","other":{"work_id":"mica","level":"L1","locator":"mica/art/3/para/1/pt/5","url":"/definitions/mica/crypto-asset","title":"Definitions","key":"3(1)(5)","state_on_date":"in_force"},"evidence":{"object":"eu.mica.legal_text.article.12","source_block_id":"eu.mica.article.12.paragraph.1"}},{"edge_id":"4f94392f382144f21c81","scope":"unit","type":"uses_term","direction":"out","resolution":"resolved","basis":"curated_link_pass","method":"extracted_relationships","confidence":"high","src_from":"2024-01-09","src_until":null,"span":"e-money tokens","dst_raw":"eu.mica.definition.electronic-money-token","other":{"work_id":"mica","level":"L1","locator":"mica/art/3/para/1/pt/7","url":"/definitions/mica/electronic-money-token","title":"Definitions","key":"3(1)(7)","state_on_date":"in_force"},"evidence":{"object":"eu.mica.legal_text.article.12","source_block_id":"eu.mica.article.12.paragraph.1"}},{"edge_id":"d68dea65b43318303a21","scope":"unit","type":"uses_term","direction":"out","resolution":"resolved","basis":"curated_link_pass","method":"extracted_relationships","confidence":"high","src_from":"2024-01-09","src_until":null,"span":"Offerors","dst_raw":"eu.mica.definition.offeror","other":{"work_id":"mica","level":"L1","locator":"mica/art/3/para/1/pt/13","url":"/definitions/mica/offeror","title":"Definitions","key":"3(1)(13)","state_on_date":"in_force"},"evidence":{"object":"eu.mica.legal_text.article.12","source_block_id":"eu.mica.article.12.paragraph.1"}},{"edge_id":"ee023cf1fbb3d75a8589","scope":"unit","type":"uses_term","direction":"out","resolution":"resolved","basis":"curated_link_pass","method":"extracted_relationships","confidence":"high","src_from":"2024-01-09","src_until":null,"span":"asset-referenced tokens","dst_raw":"eu.mica.definition.asset-referenced-token","other":{"work_id":"mica","level":"L1","locator":"mica/art/3/para/1/pt/6","url":"/definitions/mica/asset-referenced-token","title":"Definitions","key":"3(1)(6)","state_on_date":"in_force"},"evidence":{"object":"eu.mica.legal_text.article.12","source_block_id":"eu.mica.article.12.paragraph.1"}},{"edge_id":"032e856d568e6f996790","scope":"unit","type":"uses_term","direction":"out","resolution":"resolved","basis":"curated_link_pass","method":"extracted_relationships","confidence":"high","src_from":"2024-01-09","src_until":null,"span":"crypto-asset","dst_raw":"eu.mica.definition.crypto-asset","other":{"work_id":"mica","level":"L1","locator":"mica/art/3/para/1/pt/5","url":"/definitions/mica/crypto-asset","title":"Definitions","key":"3(1)(5)","state_on_date":"in_force"},"evidence":{"object":"eu.mica.legal_text.article.12","source_block_id":"eu.mica.article.12.paragraph.2"}},{"edge_id":"24b6027a9d2c787ef1b1","scope":"unit","type":"uses_term","direction":"out","resolution":"resolved","basis":"curated_link_pass","method":"extracted_relationships","confidence":"high","src_from":"2024-01-09","src_until":null,"span":"e-money tokens","dst_raw":"eu.mica.definition.electronic-money-token","other":{"work_id":"mica","level":"L1","locator":"mica/art/3/para/1/pt/7","url":"/definitions/mica/electronic-money-token","title":"Definitions","key":"3(1)(7)","state_on_date":"in_force"},"evidence":{"object":"eu.mica.legal_text.article.12","source_block_id":"eu.mica.article.12.paragraph.2"}},{"edge_id":"72352eca638cbb7c061d","scope":"unit","type":"uses_term","direction":"out","resolution":"resolved","basis":"curated_link_pass","method":"extracted_relationships","confidence":"high","src_from":"2024-01-09","src_until":null,"span":"home Member State","dst_raw":"eu.mica.definition.home-member-state","other":{"work_id":"mica","level":"L1","locator":"mica/art/3/para/1/pt/33","url":"/definitions/mica/home-member-state","title":"Definitions","key":"3(1)(33)","state_on_date":"in_force"},"evidence":{"object":"eu.mica.legal_text.article.12","source_block_id":"eu.mica.article.12.paragraph.2"}},{"edge_id":"79be5dfa176a3d53829e","scope":"unit","type":"uses_term","direction":"out","resolution":"resolved","basis":"curated_link_pass","method":"extracted_relationships","confidence":"high","src_from":"2024-01-09","src_until":null,"span":"asset-referenced tokens","dst_raw":"eu.mica.definition.asset-referenced-token","other":{"work_id":"mica","level":"L1","locator":"mica/art/3/para/1/pt/6","url":"/definitions/mica/asset-referenced-token","title":"Definitions","key":"3(1)(6)","state_on_date":"in_force"},"evidence":{"object":"eu.mica.legal_text.article.12","source_block_id":"eu.mica.article.12.paragraph.2"}},{"edge_id":"8564915bff798b3dabb5","scope":"unit","type":"uses_term","direction":"out","resolution":"resolved","basis":"curated_link_pass","method":"extracted_relationships","confidence":"high","src_from":"2024-01-09","src_until":null,"span":"competent authority","dst_raw":"eu.mica.definition.competent-authority","other":{"work_id":"mica","level":"L1","locator":"mica/art/3/para/1/pt/35","url":"/definitions/mica/competent-authority","title":"Definitions","key":"3(1)(35)","state_on_date":"in_force"},"evidence":{"object":"eu.mica.legal_text.article.12","source_block_id":"eu.mica.article.12.paragraph.2"}},{"edge_id":"3cc4fdbacdcef8a5f911","scope":"unit","type":"refers_to","direction":"out","resolution":"resolved","basis":"explicit_legal_cross_reference","method":"extracted_relationships","confidence":"medium","src_from":"2024-01-09","src_until":null,"span":"Article 9","dst_raw":"eu.mica.article.9","other":{"work_id":"mica","level":"L1","locator":"mica/art/9","url":"/mica/articles/9","title":"Publication of the crypto-asset white paper and of the marketing communications","key":"9","state_on_date":"in_force"},"evidence":{"object":"eu.mica.legal_text.article.12","source_block_id":"eu.mica.article.12.paragraph.6"}},{"edge_id":"e89ef53ba56d5ce39718","scope":"unit","type":"uses_term","direction":"out","resolution":"resolved","basis":"curated_link_pass","method":"extracted_relationships","confidence":"high","src_from":"2024-01-09","src_until":null,"span":"Offerors","dst_raw":"eu.mica.definition.offeror","other":{"work_id":"mica","level":"L1","locator":"mica/art/3/para/1/pt/13","url":"/definitions/mica/offeror","title":"Definitions","key":"3(1)(13)","state_on_date":"in_force"},"evidence":{"object":"eu.mica.legal_text.article.12","source_block_id":"eu.mica.article.12.paragraph.6"}},{"edge_id":"ac991510220ae534fe3a","scope":"unit","type":"uses_term","direction":"out","resolution":"resolved","basis":"curated_link_pass","method":"extracted_relationships","confidence":"high","src_from":"2024-01-09","src_until":null,"span":"utility token","dst_raw":"eu.mica.definition.utility-token","other":{"work_id":"mica","level":"L1","locator":"mica/art/3/para/1/pt/9","url":"/definitions/mica/utility-token","title":"Definitions","key":"3(1)(9)","state_on_date":"in_force"},"evidence":{"object":"eu.mica.legal_text.article.12","source_block_id":"eu.mica.article.12.paragraph.8"}},{"edge_id":"e9818e11a8e711126188","scope":"unit","type":"refers_to","direction":"out","resolution":"resolved","basis":"explicit_legal_cross_reference","method":"extracted_relationships","confidence":"medium","src_from":"2024-01-09","src_until":null,"span":"Article 4(6)","dst_raw":"eu.mica.article.4","other":{"work_id":"mica","level":"L1","locator":"mica/art/4","url":"/mica/articles/4","title":"Offers to the public of crypto-assets other than asset-referenced tokens or e-money tokens","key":"4","state_on_date":"in_force"},"evidence":{"object":"eu.mica.legal_text.article.12","source_block_id":"eu.mica.article.12.paragraph.8"}},{"edge_id":"f8ed41f57ebafa23e34b","scope":"unit","type":"uses_term","direction":"out","resolution":"resolved","basis":"curated_link_pass","method":"extracted_relationships","confidence":"high","src_from":"2024-01-09","src_until":null,"span":"offer to the public","dst_raw":"eu.mica.definition.offer-to-the-public","other":{"work_id":"mica","level":"L1","locator":"mica/art/3/para/1/pt/12","url":"/definitions/mica/offer-to-the-public","title":"Definitions","key":"3(1)(12)","state_on_date":"in_force"},"evidence":{"object":"eu.mica.legal_text.article.12","source_block_id":"eu.mica.article.12.paragraph.8"}},{"edge_id":"18de3019e04a33c05be6","scope":"unit","type":"refers_to","direction":"in","resolution":"resolved","basis":"explicit_legal_cross_reference","method":"extracted_relationships","confidence":"medium","src_from":"2024-01-09","src_until":null,"span":"Article 12","dst_raw":"eu.mica.article.12","other":{"work_id":"mica","level":"L1","locator":"mica/art/5/para/4/pt/b","url":"/mica/articles/5#p-4-b","title":"Admission to trading of crypto-assets other than asset-referenced tokens or e-money tokens","key":"5(4)(b)","state_on_date":"in_force"},"evidence":{"object":"eu.mica.legal_text.article.5","source_block_id":"eu.mica.article.5.paragraph.4.point.b"}},{"edge_id":"2448b431dc7b8584eb9d","scope":"unit","type":"refers_to","direction":"in","resolution":"resolved","basis":"explicit_legal_cross_reference","method":"extracted_relationships","confidence":"medium","src_from":"2024-01-09","src_until":null,"span":"Article 12","dst_raw":"eu.mica.article.12","other":{"work_id":"mica","level":"L1","locator":"mica/art/143/para/2/pt/b","url":"/mica/articles/143#p-2-b","title":"Transitional measures","key":"143(2)(b)","state_on_date":"in_force"},"evidence":{"object":"eu.mica.legal_text.article.143","source_block_id":"eu.mica.article.143.paragraph.2.point.b"}},{"edge_id":"88d2181088c47efe9d2b","scope":"unit","type":"refers_to","direction":"in","resolution":"resolved","basis":"explicit_legal_cross_reference","method":"extracted_relationships","confidence":"medium","src_from":"2024-01-09","src_until":null,"span":"Article 12","dst_raw":"eu.mica.article.12","other":{"work_id":"mica","level":"L1","locator":"mica/art/11/para/2","url":"/mica/articles/11#p-2","title":"Rights of offerors and persons seeking admission to trading of crypto-assets other than asset-referenced tokens or e-money tokens","key":"11(2)","state_on_date":"in_force"},"evidence":{"object":"eu.mica.legal_text.article.11","source_block_id":"eu.mica.article.11.paragraph.2"}},{"edge_id":"e5c7c586114603bb1e31","scope":"unit","type":"refers_to","direction":"in","resolution":"resolved","basis":"explicit_legal_cross_reference","method":"extracted_relationships","confidence":"medium","src_from":"2024-01-09","src_until":null,"span":"Article 12","dst_raw":"eu.mica.article.12","other":{"work_id":"mica","level":"L1","locator":"mica/art/9/para/2","url":"/mica/articles/9#p-2","title":"Publication of the crypto-asset white paper and of the marketing communications","key":"9(2)","state_on_date":"in_force"},"evidence":{"object":"eu.mica.legal_text.article.9","source_block_id":"eu.mica.article.9.paragraph.2"}},{"edge_id":"fcae5c5f481a7f12678c","scope":"unit","type":"refers_to","direction":"in","resolution":"resolved","basis":"explicit_legal_cross_reference","method":"extracted_relationships","confidence":"medium","src_from":"2024-01-09","src_until":null,"span":"Article 12","dst_raw":"eu.mica.article.12","other":{"work_id":"mica","level":"L1","locator":"mica/art/11/para/1","url":"/mica/articles/11#p-1","title":"Rights of offerors and persons seeking admission to trading of crypto-assets other than asset-referenced tokens or e-money tokens","key":"11(1)","state_on_date":"in_force"},"evidence":{"object":"eu.mica.legal_text.article.11","source_block_id":"eu.mica.article.11.paragraph.1"}}],"not_served":["exempts","derogates_from"],"note":"inverse edges are computed from the stored direction; floating targets are resolved on as_of (other.state_on_date)"}