Free tool
MiCA white paper check: do you need one?
Answer a few questions about your token and your offer to see whether the MiCA Title II white-paper obligation applies, whether an Article 4 exemption fits, or whether your asset sits under a different regime. Every step cites its Article.
Legal basis: Regulation (EU) 2023/1114 (MiCA), Articles 2, 3 and 4. Consolidated text CELEX 02023R1114-20240109.
In force since 30 December 2024
The Title II white-paper regime for “other” crypto-assets and the Article 4 exemptions have applied since 30 December 2024. This tool reflects the Article 4(2)–(3) exemptions as set out in the consolidated MiCA text.
1. What kind of crypto-asset is this?
Art. 2–3MiCA splits crypto-assets into three buckets, and some assets sit outside MiCA entirely. This white-paper check only covers “other” crypto-assets (utility, governance and platform tokens).
This tool is software, not legal advice, and does not create a lawyer-client relationship. It maps your answers to Articles 2, 3 and 4 of Regulation (EU) 2023/1114 (MiCA) to indicate the likely position. It does not guarantee compliance or any particular regulatory outcome. Always verify against the official MiCA text and, where the position is unclear, take qualified legal advice.
Official source
This tool is grounded in the official text of Regulation (EU) 2023/1114 (MiCA). Read Article 4 in full on EUR-Lex.
Frequently asked questions
What is a MiCA white paper?
A crypto-asset white paper is the mandatory disclosure document for an offer to the public, or admission to trading, of an “other” crypto-asset under MiCA Title II. Unlike a securities prospectus, it is not pre-approved by an authority, but the issuer is strictly liable for its content under Article 15.
When am I exempt from the MiCA white paper?
Article 4 sets out exemptions: offers for free, mining or validation rewards, utility tokens for already-operational goods or services, limited-network tokens, offers to fewer than 150 persons per Member State, offers up to €1,000,000 over 12 months, and offers solely to qualified investors. Each has traps, and most exemptions still leave the Article 7 marketing rules and some NCA-notification duties in place.
Does an exemption mean my token is unregulated?
No. An Article 4 exemption only removes the white-paper obligation. The Article 7 marketing-communication rules still apply, several exemptions still require you to notify the national competent authority, and signalling a future listing disapplies every exemption under Article 4(4).
Is this legal advice?
No. This is a software tool that maps your answers to the relevant MiCA Articles so you can see the likely position. It is not legal advice. For a binding view on your specific facts — especially the financial-instrument and NFT-series boundaries — consult qualified counsel.
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