> For the complete documentation index, see [llms.txt](https://www.mica.wtf/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://www.mica.wtf/mica/title-i-subject-matter-scope-and-definitions-art.-1-3/article-2.md). # Article 2 | | | | --------------- | ------------------------------------------------------------------------------- | | **Instrument** | Regulation (EU) 2023/1114 (MiCA) | | **Source** | [EUR-Lex](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32023R1114) | | **Status** | In force | | **Review rule** | Legal-text changes require human review | ## Scope 1. This Regulation applies to natural and legal persons and certain other undertakings that are engaged in the issuance, [offer to the public](https://www.mica.wtf/definitions/definitions/mica/offer-to-the-public) and admission to trading of [crypto-assets](https://www.mica.wtf/definitions/definitions/mica/crypto-asset) or that provide services related to crypto-assets in the Union. 2. This Regulation does not apply to: 1. persons who provide [crypto-asset services](https://www.mica.wtf/definitions/definitions/mica/crypto-asset-service) exclusively for their parent companies, for their own subsidiaries or for other subsidiaries of their parent companies; 2. a liquidator or an administrator acting in the course of an insolvency procedure, except for the purposes of [Article 47](/mica/title-iii-asset-referenced-tokens-art.-16-47/chapter-6/article-47.md); 3. the ECB, central banks of the Member States when acting in their capacity as monetary authorities, or other public authorities of the Member States; 4. the European Investment Bank and its subsidiaries; 5. the European Financial Stability Facility and the European Stability Mechanism; 6. public international organisations. 3. This Regulation does not apply to [crypto-assets](https://www.mica.wtf/definitions/definitions/mica/crypto-asset) that are unique and not fungible with other crypto-assets. 4. This Regulation does not apply to crypto-assets that qualify as one or more of the following: 1. [financial instruments](https://www.mica.wtf/definitions/definitions/mica/financial-instrument); 2. [deposits](https://www.mica.wtf/definitions/definitions/mica/deposit), including [structured deposits](https://www.mica.wtf/definitions/definitions/mica/structured-deposit); 3. [funds](https://www.mica.wtf/definitions/definitions/mica/funds), except if they qualify as [e-money tokens](https://www.mica.wtf/definitions/definitions/mica/electronic-money-token); 4. securitisation positions in the context of a securitisation as defined in Article 2, point (1), of [Regulation (EU) 2017/2402](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A02017R2402-20210409); 5. non-life or life insurance products falling within the classes of insurance listed in Annexes I and II to [Directive 2009/138/EC](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A02009L0138-20250117) of the European Parliament and of the Council or reinsurance and retrocession contracts referred to in that Directive; 6. pension products that, under national law, are recognised as having the primary purpose of providing the investor with an income in retirement and that entitle the investor to certain benefits; 7. officially recognised occupational pension schemes falling within the scope of [Directive (EU) 2016/2341](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A02016L2341-20250117) of the European Parliament and of the Council or [Directive 2009/138/EC](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A02009L0138-20250117); 8. individual pension products for which a financial contribution from the employer is required by national law and where the employer or the employee has no choice as to the pension product or provider; 9. a pan-European Personal Pension Product as defined in Article 2, point (2), of [Regulation (EU) 2019/1238](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A02019R1238-20240109) of the European Parliament and of the Council; 10. social security schemes covered by [Regulations (EC) No 883/2004](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A02004R0883-20190731) and [(EC) No 987/2009](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A02009R0987-20180101) of the European Parliament and of the Council. 5. By 30 December 2024, ESMA shall, for the purposes of paragraph 4, point (a), of this Article issue [guidelines](/eu-level/guidelines/final-report-on-the-guidelines-on-the-conditions-and-criteria-for-the-qualification-of-crypto-assets.md) in accordance with Article 16 of [Regulation (EU) No 1095/2010](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A02010R1095-20241230) on the conditions and criteria for the qualification of crypto-assets as [financial instruments](https://www.mica.wtf/definitions/definitions/mica/financial-instrument). 6. This Regulation shall be without prejudice to [Regulation (EU) No 1024/2013](https://eur-lex.europa.eu/eli/reg/2013/1024/oj/eng). *** #### Level 2 instruments * [ESMA75-453128700-1323 — Crypto-Asset Financial Instruments](/eu-level/guidelines/final-report-on-the-guidelines-on-the-conditions-and-criteria-for-the-qualification-of-crypto-assets.md) — Guidelines --- # Agent Instructions This documentation is published with GitBook. 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