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Based in Exeter - working across prop trading firms worldwide

Glossary · Compliance

MiCA

  • Also called
  • Markets in Crypto-Assets
  • CASP
  • stablecoin regulation

What it means

MiCA (Regulation (EU) 2023/1114) became fully applicable on December 30, 2024, with transitional periods for existing providers that vary by member state. It requires crypto-asset service providers to be authorized and sets rules for stablecoin issuers.

For prop firms, MiCA matters through payments. Crypto payment gateways serving EU customers need the right authorization, and some stablecoins have been restricted on EU platforms because their issuers are not authorized under MiCA. That can affect which coins a firm can accept from, or pay to, EU traders through a compliant provider.

MiCA does not regulate prop evaluations as such; the question is whether your crypto payment partners are compliant for the customers you serve.

Related terms

Read these next.

Running the business

Payment processor

A payment processor moves card and other payments between a prop firm's checkout, the card networks and the acquiring bank that settles funds to the firm.
Compliance

AML

AML (anti-money laundering) covers the checks and controls that stop a business being used to move illicit funds, including sanctions screening and source-of-funds review.
Compliance

ESMA

ESMA (European Securities and Markets Authority) is the EU's securities markets authority, which coordinates national regulators and sets common standards for products such as CFDs.
Compliance

Restricted countries

Restricted countries are the jurisdictions a prop firm will not sell to or pay out to, because of sanctions, regulation, payment provider terms or platform licensing.
The website

FAQ center

A prop firm FAQ center is the searchable help section that answers trader questions on rules, payouts, platforms, KYC and payments before they reach support.

On your website

Where this shows up on a prop firm site.

Feature

Trust center

One place for the facts a cautious trader checks: the legal entity, address, people, policies, restricted countries and how payouts work.
Tool

Prop Firm Disclaimer Generator

Draft the simulated-trading and risk disclaimer every prop firm page needs, for your lawyer to review.
Guide

Crypto Payments for Prop Firms: An Operator's Guide

How prop firms accept crypto and pay in stablecoins: processors, published fees, refunds, MiCA questions and what the checkout page must say.
Guide

How to Start a Crypto Exchange (2026 Guide)

How to start a crypto exchange in 2026: model, licensing (MiCA, FinCEN, BitLicense), technology, liquidity, custody, security and sourced costs.

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All glossary termsGuides

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