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CLPAI 2026.1 Methodology

Crypto Law Index — CLPAI 2026.1

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Last updated 2026-04-15

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Home › Glossary › Issuer

MiCA Defined Terms

Issuer

A natural or legal person who issues crypto-assets — responsible for white paper preparation under MiCA Title II/III/IV.

Definition

Under MiCA Article 3(1)(10), an issuer is a natural or legal person who issues crypto-assets. The issuer bears the obligation to prepare and publish the white paper, comply with marketing rules, and (for ARTs/EMTs) maintain ongoing authorisation requirements.

Regulatory citation

MiCA Article 3(1)(10) ↗

Related terms

  • Offeror A person making an offer to the public of crypto-assets — may differ from the issuer in secondary offerings.
  • Crypto-Asset White Paper A document containing required disclosures about a crypto-asset offering — notified to the home NCA before public offering.
  • Asset-Referenced Token (ART) A crypto-asset that purports to maintain a stable value by referencing any other value, right, or basket — excluding single-currency reference.
  • E-money Token (EMT) A crypto-asset that purports to maintain a stable value by referencing a single official currency.

Related deep-dives

MiCA Title II · Token sales and white paper

MiCA Token Sale Rules 2026 — White Paper and Public Offer

MiCA Title II regulates the issuance and public offering of crypto-assets that are not ARTs or EMTs. The issuer prepares a white paper, noti…

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CRYPTO LAW INDEX

The CLPAI Index for Crypto Licensing Counsel

Methodology version CLPAI 2026.1 · Last updated 2026-04-15 · Next review 2026-10-15

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