MiCA Defined Terms
Crypto-asset
A digital representation of value or rights that can be transferred and stored electronically using distributed ledger technology.
Definition
Under MiCA Article 3(1)(5), a crypto-asset is a digital representation of a value or a right that can be transferred and stored electronically, using distributed ledger technology or similar technology. The definition is technology-neutral and captures fungible and non-fungible tokens — though NFTs may be exempt under Article 2(3).
Regulatory citation