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  <title>Micahub MiCA Blog</title>
  <link href="https://micahub.net/blog/" />
  <id>https://micahub.net/blog/</id>
  <updated>2026-05-28T12:00:00Z</updated>
  <author><name>Micahub</name></author>
  <entry>
    <title>ESMA MiCA Register Snapshot, May 2026: 203 CASPs, 141 Non-Compliant Flags, and the iXBRL Gap</title>
    <link href="https://micahub.net/blog/esma-mica-register-may-2026/" />
    <id>https://micahub.net/blog/esma-mica-register-may-2026/</id>
    <updated>2026-05-28T12:00:00Z</updated>
    <summary>Weekly register data: 203 authorized CASP rows, peak authorization month December 2025, Germany leads home-state counts, and 75% of file-like white paper URLs still point to PDF — six weeks before the July 2026 grandfathering cliff.</summary>
  </entry>
  <entry>
    <title>The Wrapper War: How BlackRock Rendered MiCA\</title>
    <link href="https://micahub.net/blog/wrapper-war-mica-yield/" />
    <id>https://micahub.net/blog/wrapper-war-mica-yield/</id>
    <updated>2026-05-14T12:00:00Z</updated>
    <summary>Years of legislative work. Articles 40 and 50 of MiCA. The GENIUS Act. Categorical yield prohibitions on both sides of the Atlantic. On May 8, 2026, BlackRock changed the wrapper. A tokenized US Treasury money market fund — same underlying assets as USDC, same blockchain rails, same wallet — distributes four percent yield legally under MiFID II. MiCA\</summary>
  </entry>
  <entry>
    <title>The EMT Identity Crisis: Are We Asking the Right Questions About What Your Token Actually Is?</title>
    <link href="https://micahub.net/blog/emt-identity-crisis/" />
    <id>https://micahub.net/blog/emt-identity-crisis/</id>
    <updated>2026-05-12T12:00:00Z</updated>
    <summary>France\</summary>
  </entry>
  <entry>
    <title>Crypto Gift Cards Under MiCA: The Bearer Instrument Argument, the Five Exemption Pathways, and Where Each One Breaks</title>
    <link href="https://micahub.net/blog/crypto-gift-cards-mica/" />
    <id>https://micahub.net/blog/crypto-gift-cards-mica/</id>
    <updated>2026-05-08T12:00:00Z</updated>
    <summary>Fintegence and Cryptonow both got licensed. Both had access to every legal argument examined here. The five exemption pathways — bearer instrument, non-fungibility, limited network, existing utility, and offer-to-the-public timing — each have coherent legal foundations and specific, identifiable failure conditions. For standard open-crypto gift cards redeemable for Bitcoin or USDC, most fail before they start.</summary>
  </entry>
  <entry>
    <title>MiCA and Gaming in Web3: Are We Asking the Right Questions About Your Game\</title>
    <link href="https://micahub.net/blog/mica-web3-gaming/" />
    <id>https://micahub.net/blog/mica-web3-gaming/</id>
    <updated>2026-05-07T12:00:00Z</updated>
    <summary>ESMA\</summary>
  </entry>
  <entry>
    <title>The July 2026 MiCA Transition Deadline: Who\</title>
    <link href="https://micahub.net/blog/mica-transition-deadline/" />
    <id>https://micahub.net/blog/mica-transition-deadline/</id>
    <updated>2026-04-29T12:00:00Z</updated>
    <summary>184 authorized CASPs. 1,000+ pre-MiCA VASPs still needing transition. €540M in fines. Nine weeks to the July 2026 deadline. The hidden companies caught in MiCA\</summary>
  </entry>
  <entry>
    <title>The MiCA NFT Exemption: Why Your \</title>
    <link href="https://micahub.net/blog/mica-nft-exemption/" />
    <id>https://micahub.net/blog/mica-nft-exemption/</id>
    <updated>2026-04-22T12:00:00Z</updated>
    <summary>ESMA\</summary>
  </entry>
  <entry>
    <title>MiCA Meets PSD2: The Dual Authorization Trap Most CASPs Are Walking Into</title>
    <link href="https://micahub.net/blog/mica-psd2-overlap/" />
    <id>https://micahub.net/blog/mica-psd2-overlap/</id>
    <updated>2026-04-15T12:00:00Z</updated>
    <summary>Many CASPs are discovering, often too late, that their services qualify as payment services under PSD2. The EBA\</summary>
  </entry>
  <entry>
    <title>Blockchain-Level vs Asset-Level ESG Disclosures Under MiCA</title>
    <link href="https://micahub.net/blog/mica-esg-asset-level-disclosures/" />
    <id>https://micahub.net/blog/mica-esg-asset-level-disclosures/</id>
    <updated>2026-04-14T12:00:00Z</updated>
    <summary>MiCA sustainability metrics relate to the consensus mechanism, but CDR 2025/422 expects disclosures per crypto-asset — not identical Layer-1 network copy-paste for every token on Ethereum.</summary>
  </entry>
  <entry>
    <title>CARF and DAC8 for MiCA CASPs: What to Build Before the 2027 Exchange</title>
    <link href="https://micahub.net/blog/mica-carf-dac8-casp-operations/" />
    <id>https://micahub.net/blog/mica-carf-dac8-casp-operations/</id>
    <updated>2026-02-10T12:00:00Z</updated>
    <summary>MiCA authorization does not satisfy CARF/DAC8 tax reporting. CASPs need separate data pipelines for TIN collection, transaction aggregation, and 2027 information exchanges — distinct from AML Travel Rule.</summary>
  </entry>
  <entry>
    <title>The Copy Trading Paradox: How MiCA Turns Your &quot;Passive Income&quot; Into a Regulated Crime Scene</title>
    <link href="https://micahub.net/blog/copy-trading-paradox/" />
    <id>https://micahub.net/blog/copy-trading-paradox/</id>
    <updated>2025-11-21T12:00:00Z</updated>
    <summary>Per-trade confirmation does not exempt copy trading platforms from MiCA — it moves them from portfolio management into advisory services. Both require CASP authorisation. Updated with ESMA\</summary>
  </entry>
</feed>
