🇪🇺EUESMADetected Aug 17, 2026Rules clarified

A new disclaimer states that white papers in the ESMA register are not reviewed by any competent authority and that the offeror/issuer is solely responsible for their content.

Before

The page did not specify any responsibility for the content of white papers listed in the register.

After

The issuer or offeror must bear sole responsibility for the content of each crypto‑asset white paper, as the register is not reviewed by any authority.

Source: ESMA — MiCA CASP Authorization & Guidance

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What this means for you

Centralized Exchange

Doesn't apply

Why this matters

The regulatory change applies specifically to the issuers or offerors of crypto-assets who publish white papers. The CEX profile is defined as a platform operator that custodies funds and matches trades, not as an issuer of assets.

DeFi Protocol

Doesn't apply

Why this matters

The profile defines a fully decentralized protocol with no identifiable operator, owner, or controlling party. Since there is no 'issuer' or 'offeror' entity to bear responsibility for a white paper, this obligation cannot attach to the protocol.

Custodian

Doesn't apply

Why this matters

The regulatory change pertains specifically to the responsibilities of issuers or offerors regarding white paper content. The company profile is defined as a custodian that holds assets and is not responsible for issuing assets or publishing white papers.

Related changes from ESMA — MiCA CASP Authorization & Guidance

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