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.
SFA MiCA White Paper (iXBRL)

May 20, 2026
This MiCA-compliant white paper describes SFA, 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 SFA, including its fan engagement and token-gated functionality, issuance and offer structure, governance and risk disclosures, and sustainability-related information. SFA is classified as an OTH crypto-asset under MiCA Title II.
UFA MiCA White Paper (iXBRL)

May 20, 2026
This MiCA-compliant white paper describes UFA, 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 UFA, including its fan engagement and token-gated functionality, issuance and offer structure, governance and risk disclosures, and sustainability-related information. UFA is classified as an OTH crypto-asset under MiCA Title II.
SAFA MiCA White Paper (iXBRL)

May 20, 2026
This MiCA-compliant white paper describes SAFA, 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 SAFA, including its fan engagement and token-gated functionality, issuance and offer structure, governance and risk disclosures, and sustainability-related information. SAFA is classified as an OTH crypto-asset under MiCA Title II.
MNT MiCA White Paper (iXBRL)

April 20, 2026
This MiCA-compliant white paper provides a structured regulatory analysis of the MNT token and supports Bitstamp Europe S.A. seeking admission to trading of the crypto-asset. It combines legal precision with technical insight to describe Mantle Network as a decentralised project, with MNT serving as its native token. It also explains the token’s classification as a OTH crypto-asset under MiCA Title II, including disclosures on the trading structure, risks, governance framework, and sustainability indicators.
XTZ MiCA White Paper (iXBRL)

April 20, 2026
This MiCA-compliant white paper provides a structured regulatory analysis of the XTZ token and supports Bitstamp Europe S.A. in seeking admission to trading of the crypto-asset on Bitstamp. It combines legal precision with technical insight to describe Tezos as a self-amending blockchain protocol, while explaining the role of XTZ as the native crypto-asset. The white paper further sets out the token’s classification as a OTH asset under MiCA Title II, together with the required disclosures on trading structure, risks, governance, and sustainability indicators.
SKY MiCA White Paper (iXBRL)

April 20, 2026
This MiCA-compliant white paper provides a structured regulatory analysis of the SKY token and supports Bitstamp Europe S.A. in seeking admission to trading of the crypto-asset on Bitstamp. It combines legal precision with technical insight to describe the Sky Protocol as a decentralised Ethereum-based financial system. The white paper further sets out the token’s functionality and its classification as a OTH crypto-asset under MiCA Title II, together with the required disclosures on the trading structure, material risks, governance arrangements, and sustainability indicators.
BDX MiCA White Paper (iXBRL)

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.
PERSIJA MiCA White Paper (iXBRL)

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.
SBP MiCA White Paper (iXBRL)

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.
YELLOW MiCA White Paper

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.