{"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":"2026-11-09","checked_against":"EUR-Lex"},"truncation":null,"failures":[],"incomplete":[]},"page":{"path":"/mica/recitals/21","url":"https://www.headlesslaw.com/mica/recitals/21","title":"Recital 21","family":"l1_hand","work_id":"mica","status":"in_force","force_status":"in_force","date_state":"current","requested_date":null,"as_of":"2026-11-11","applies_from":null,"application":null,"version_label":"Consolidated version of 9 January 2024","check":{"against":"EUR-Lex","on":"2026-11-09"},"check_result":"matched","official_url":"https://eur-lex.europa.eu/eli/reg/2023/1114/oj/eng","valid_from":"2024-01-09","valid_until":null,"revision":1,"content_id":"052cac496ca1e6fe","change_date":null,"nearest_versions":["2023-06-09","2024-01-09"],"first_text_date":"2023-05-31","correction_applies":false,"versions":["2023-06-09","2024-01-09"],"version_url":"https://www.headlesslaw.com/mica/recitals/21/versions/2024-01-09","revision_url":"https://www.headlesslaw.com/mica/recitals/21/versions/2024-01-09/rev/052cac496ca1e6fe","versions_url":"https://www.headlesslaw.com/mica/recitals/21/versions","relations_url":"https://www.headlesslaw.com/mica/recitals/21/relations","source_line":null,"attribution":null},"provenance":{"official_url":"https://eur-lex.europa.eu/eli/reg/2023/1114/oj/eng","check":{"result":"matched","checked_at":"2026-11-09","against":"EUR-Lex"},"repo_path":null,"body_sha256":"0f64efb967225aab851be48de2e0276daae214f7e3396e230fd0a7dbf14aa011","markdown_sha256":"cf9278f5fa096c3c0a00231f97afd8bed6e3652e21ec4360bab67453c18e1028"},"units":[],"markdown":"*In force · Regulation (EU) 2023/1114, OJ L 150, 9.6.2023 · Verified 9 Nov 2026 · [Official source](https://eur-lex.europa.eu/eli/reg/2023/1114/oj/eng)*\n\nIt is necessary to lay down specific rules for entities that provide services related to crypto-assets. A first category of such services consists of ensuring the [operation of a trading platform for crypto-assets](https://www.headlesslaw.com/definitions/mica/operation-of-a-trading-platform-for-crypto-assets), exchanging crypto-assets for [funds](https://www.headlesslaw.com/definitions/mica/funds) or other crypto-assets, [providing custody and administration of crypto-assets on behalf of clients](https://www.headlesslaw.com/definitions/mica/providing-custody-and-administration-of-crypto-assets-on-behalf-of-clients), and [providing transfer services for crypto-assets on behalf of clients](https://www.headlesslaw.com/definitions/mica/providing-transfer-services-for-crypto-assets-on-behalf-of-clients). A second category of such services consists of the [placing of crypto-assets](https://www.headlesslaw.com/definitions/mica/placing-of-crypto-assets), the reception or transmission of orders for crypto-assets on behalf of clients, the [execution of orders for crypto-assets on behalf of clients](https://www.headlesslaw.com/definitions/mica/execution-of-orders-for-crypto-assets-on-behalf-of-clients), [providing advice on crypto-assets](https://www.headlesslaw.com/definitions/mica/providing-advice-on-crypto-assets) and [providing portfolio management of crypto-assets](https://www.headlesslaw.com/definitions/mica/providing-portfolio-management-of-crypto-assets). Any person that provides crypto-asset services on a professional basis in accordance with this Regulation should be deemed to be a ‘[crypto-asset service provider](https://www.headlesslaw.com/definitions/mica/crypto-asset-service-provider)’.\n"}