Answer yes-or-no questions to find out whether MiCA applies to your token and whether it’s an EMT, an ART or another token.
The MiCA asset classifier tells you how MiCA treats your token. You answer up to ten yes-or-no questions. It builds on the flow published by ESMA and adds the exceptions in the relevant MiCA articles. Use it before you analyze or write a white paper.
In Analyze, start a new analysis and click Not sure? Answer a few questions to find out. The classifier opens with a link to the flow published by ESMA (1). The first question (2) asks whether the token is a digital representation of a value or of a right.
The MiCA Asset Classifier, first question.
2
Answer each question
Click Yes or No. The next question appears under the last (1, 2). Keep going until a result shows.
The classifier after the first answer.
3
Use the result
Use the result as the asset type when you analyze or write your white paper. For questions, click Have more questions? Contact us.
Your token is a fungible ERC-20 that tracks the euro one to one. You answer Yes to questions 1–3, No to 4–6, Yes to 7 and 8, and Yes to 9. The classifier returns EMT. You then run Analyze with asset type EMT.
