A new obligation was added requiring Member States to notify competent authorities of various MiCA implementation details by specific deadlines.
Before
There was no requirement for Member States to submit notification details about competent authorities, laws, regulations, or administrative penalties.
After
Member States must notify designated competent authorities of their designated authorities, the implementing laws and regulations, and rules for administrative penalties, each by the deadline of 30‑Jun‑2025.
Source: ESMA — MiCA CASP Authorization & Guidance
View original source →What this means for you
Centralized Exchange
Doesn't applyWhy this matters
The regulatory change imposes obligations exclusively on Member States to notify competent authorities. As a private legal entity operating an exchange, the CEX is not a Member State and is not responsible for these administrative notifications.
DeFi Protocol
Doesn't applyWhy this matters
The regulatory change imposes obligations on EU Member States to notify competent authorities, not on private entities or protocols. As a fully decentralized protocol with no operator, it has no role in the administrative notification process between government bodies.
Custodian
Doesn't applyWhy this matters
The regulatory change imposes obligations exclusively on Member States to notify competent authorities. As a private custodian entity, the company is not a Member State and is not responsible for these administrative notifications.