MiCA White Papers
Access published and reference MiCA-compliant white papers developed by the MiCA Crypto Alliance. These papers provide practical guidance on disclosure requirements, liability frameworks, and regulatory alignment under the EU’s Markets in Crypto-Assets Regulation, and may be available in iXBRL format for machine-readable publication where applicable.
Featured White Papers
USDC MiCA White Paper (iXBRL)
December 29, 2025
This MiCA-compliant white paper published by Circle outlines the legal, operational, and technical framework of the USDC e-money token. It details the token’s issuance and redemption mechanisms, reserve composition, governance arrangements, and underlying infrastructure, together with its classification as an e-money token under MiCA Title IV, including sustainability disclosures.
EURC MiCA White Paper (iXBRL)
December 29, 2025
This MiCA-compliant white paper published by Circle describes the legal and operational framework of the EURC e-money token. It covers issuance and redemption processes, reserve backing, governance structure, and technical implementation across supported blockchains, together with its classification as an e-money token under MiCA Title IV and related sustainability disclosures.
ORCA MiCA White Paper (iXBRL)
June 30, 2026
This MiCA-compliant white paper provides a structured regulatory analysis of the ORCA token and supports Bitstamp Europe S.A. seeking admission to trading of the crypto-asset on Bitstamp. It combines legal precision with technical insight to describe Orca protocol, with ORCA serving as a native governance crypto-asset to the protocol. It also explains the token’s classification as an OTH under MiCA Title II, including disclosures on the trading structure, risks, governance framework, and sustainability indicators.
BTC.ℏ MiCA White Paper (iXBRL)
June 30, 2026
This MiCA-compliant white paper provides a structured regulatory analysis of the BTC.ℏ token and supports BITCOIN.H LLC in seeking admission to trading of the crypto-asset. It combines legal precision with technical insight to describe the project, with BTC.ℏ designed to support a broad range of applications by leveraging its low costs, high efficiency, and fast settlement. The white paper also explains the token’s classification as an OTH under MiCA Title II and includes disclosures on its trading structure, risk factors, governance framework, and sustainability indicators.
ZCHF MiCA White Paper (iXBRL)
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June 26, 2026
This white paper was prepared to support the admission to trading of ZCHF on the Kraken trading platform, a decentralised overcollateralised crypto-asset. It describes ZCHF’s issuance within the Frankencoin protocol through smart contract-based collateralisation mechanisms, its use as a means of payment and store of value, and its classification outside MiCA Titles II, III, and IV pursuant to Recital 22. The paper also includes disclosures on the admission to trading, associated risks, and sustainability indicators.
TIA MiCA White Paper (iXBRL)
June 15, 2026
This MiCA-compliant white paper provides a structured regulatory analysis of the Celestia token (TIA) and supports Bitstamp Europe S.A. seeking admission to trading of the crypto-asset on Bitstamp. It combines legal precision with technical insight to describe Celestia network, with TIA serving as a native crypto-asset to the network. It also explains the token’s classification as a “crypto-asset other than an asset-referenced token or e-money token” under MiCA Title II, including disclosures on the trading structure, risks, governance framework, and sustainability indicators.
ZRO MiCA White Paper (iXBRL)
June 15, 2026
This MiCA-compliant white paper provides a structured regulatory analysis of the ZRO token and supports Bitstamp Europe S.A. seeking admission to trading of the crypto-asset on Bitstamp. It combines legal precision with technical insight to describe LayerZero protocol, with ZRO serving as a native crypto-asset to the protocol. It also explains the token’s classification as a “crypto-asset other than an asset-referenced token or e-money token” under MiCA Title II, including disclosures on the trading structure, risks, governance framework, and sustainability indicators.
QNT MiCA White Paper (iXBRL)
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June 15, 2026
This MiCA-compliant white paper provides a structured regulatory analysis of the QNT token and supports Bitstamp Europe S.A. seeking admission to trading of the crypto-asset on Bitstamp. It combines legal precision with technical insight to describe Quant as a system enabling interoperability between DLTs and existing systems, with QNT serving as a utility token providing access to services within the infrastructure. It also explains the token’s classification as a “crypto-asset other than an asset-referenced token or e-money token” under MiCA Title II, including disclosures on the trading structure, risks, and sustainability indicators.
ZK MiCA White Paper (iXBRL)
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June 10, 2026
This MiCA-compliant white paper provides a structured regulatory analysis of the ZK token and supports Bitstamp Europe S.A. seeking admission to trading of the crypto-asset on the Bitstamp trading platform. It combines legal precision with technical insight to describe zkSync network, with zk serving as a native crypto-asset to the network. It also explains the token’s classification as a “crypto-asset other than an asset-referenced token or e-money token” under MiCA Title II, including disclosures on the trading structure, risks, governance framework, and sustainability indicators.
MANTRA MiCA White Paper (iXBRL)
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June 9, 2026
This MiCA-compliant white paper provides a structured regulatory analysis of the MANTRA token and supports MANTRA Chain Association seeking admission to trading of the crypto-asset. It combines legal precision with technical insight to describe Mantra chain, with MANTRA serving as a native and governance crypto-asset to the chain. It also explains the token’s classification as a “crypto-asset other than an asset-referenced token or e-money token” under MiCA Title II, including disclosures on the trading structure, risks, governance framework, and sustainability indicators.
BELG MiCA White Paper (iXBRL)
May 29, 2026
This MiCA-compliant white paper describes BELG, a fan-focused crypto-asset issued by Fan Token Management AG on the Chiliz Chain. Published in inline XBRL format in line with MiCA technical requirements, it sets out the legal, technical, and operational characteristics of BELG, including its fan engagement and token-gated functionality, issuance and offer structure, governance and risk disclosures, and sustainability-related information. BELG is classified as an OTH crypto-asset under MiCA Title II.
SPAIN MiCA White Paper (iXBRL)
May 29, 2026
This MiCA-compliant white paper describes SPAIN, a fan-focused crypto-asset issued by Fan Token Management AG on the Chiliz Chain. Published in inline XBRL format in line with MiCA technical requirements, it sets out the legal, technical, and operational characteristics of SPAIN, including its fan engagement and token-gated functionality, issuance and offer structure, governance and risk disclosures, and sustainability-related information. SPAIN is classified as an OTH crypto-asset under MiCA Title II.
