MiCA White Papers

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.

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.

April 3, 2026

This MiCA-compliant white paper provides a structured regulatory analysis of the Beldex ecosystem project and supports the admission to trading of the BSC-bridged version of BDX. It combines legal precision with technical insight to describe the Beldex blockchain and the crypto-asset’s functionalities. The MiCA white paper also addresses the token’s classification as an OTH under MiCA Title II. In this context, it includes disclosures on the trading structure, associated risks, governance framework, and sustainability indicators.

March 31, 2026

This MiCA-compliant white paper describes PERSIJA, a fan-focused crypto-asset issued 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 PERSIJA, including its fan engagement and token-gated functionality, issuance and offer structure, governance and risk disclosures, and sustainability-related information. PERSIJA is classified as an OTH crypto-asset under MiCA Title II.

March 30, 2026

This MiCA-compliant white paper provides a structured regulatory analysis of the Sustainable Bitcoin Protocol and supports the admission to trading of its SBP token. It combines legal precision with technical insight to examine the protocol’s core mechanism, notably the use of verifiable clean energy in Bitcoin mining without altering its Proof of Work consensus, as well as the token’s functionality and classification as an “other” crypto-asset under MiCA Title II, including disclosures on the trading structure, risks, governance framework, and sustainability indicators.

March 30, 2026

This MiCA-compliant white paper provides a structured regulatory analysis of Yellow Network and its YELLOW utility token. It combines legal precision with technical insight to examine the project’s Layer-3 and cross-chain architecture, token functionality, and classification as a utility token under MiCA Title II, including disclosures on offer structure, risks, governance framework, and sustainability indicators.

March 30, 2026

This MiCA-compliant white paper, published by the MiCA Crypto Alliance, presents an analysis of the Loaded Lions: Mane City Game and its token, LION. It combines legal precision with technical insight to examine the project’s architecture and token functionalities, together with its classification as an OTH non-utility crypto-asset under MiCA Title II. The paper also includes disclosures on the admission to trading, associated risks, and sustainability indicators.

March 24, 2026

This MiCA-compliant white paper describes the WYND Utility Token, issued by WYND Capital GmbH as a digital access and booking instrument for travel, yachting, and concierge services. It examines the token’s classification as a utility token under MiCA Title II, together with its functionality, supply model, and disclosures on the public offer, associated risks, underlying technology, and sustainability indicators.

March 20, 2026

This MiCA-compliant white paper describes EURe, an e-money token issued by Monerium. It examines EURe’s classification as an e-money token under MiCA Title IV, and includes disclosures on issuance and redemption, risk factors, underlying technology, rights and obligations, and sustainability indicators.

February 9, 2026

This MiCA-compliant white paper was prepared to support the admission to trading of Bitcoin Satoshi Vision (BSV), a decentralised Layer 1 crypto-asset. It examines BSV’s classification as an “other crypto-asset” under MiCA Title II, its network design and supply model, together with disclosures on admission to trading, risk factors, protocol governance, and sustainability indicators.

January 20, 2026

This MiCA-compliant white paper describes SPURS, a fan-focused crypto-asset issued 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 SPURS, including its fan engagement and token-gated functionality, issuance and offer structure, governance and risk disclosures, and sustainability-related information. SPURS is classified as an OTH crypto-asset under MiCA Title II.

January 20, 2026

This MiCA-compliant white paper describes TRA, a fan-focused crypto-asset issued 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 TRA, including its fan engagement and token-gated functionality, issuance and offer structure, governance and risk disclosures, and sustainability-related information. TRA is classified as an OTH crypto-asset under MiCA Title II.