MiCA Defined Terms
Competent Authority (NCA)
The national authority designated by each EU member state to supervise CASPs and crypto-asset issuers under MiCA.
Definition
Each EU member state designates a national competent authority (NCA) responsible for MiCA implementation. Examples: Bank of Lithuania, BaFin (Germany), AMF (France), CySEC (Cyprus). The home NCA grants CASP authorisation; host NCAs receive passport notifications.
Regulatory citation