MiCA licence

MiCA (Markets in Crypto-Assets) is the EU rulebook under which crypto-asset service providers need authorisation from a national regulator, valid across the EU.

What it means

A licence means the provider must follow rules on conduct, safekeeping of client assets and complaints, under ongoing supervision; it does not protect you against price falls or trading losses.

What to watch

Whether the exact company you use appears in ESMA's public register of authorised providers, and which services the authorisation covers.

How Compass-Alpha uses it

The MiCA check in the tax overview shows whether your exchange holds an EU licence.