List of Crypto-Assets Associated with the Crypto-Asset Service

1. Bitcoin (BTC)
MiCA Classification: Other Crypto-Asset (OCA)
Description: Bitcoin is a decentralized digital asset that operates on a peer-to-peer network, utilizing a proof-of-work consensus mechanism. It does not derive its value from external assets or currencies and is therefore not categorized as an asset-referenced token (ART) or an e-money token (EMT) under MiCA.

Key Features:

Decentralized Structure: Functions independently of any central authority.

Limited Supply: Maximum issuance capped at 21 million BTC.

Transparency: All transactions are publicly recorded on the blockchain.

2. Ethereum (ETH)
MiCA Classification: Other Crypto-Asset (OCA)
Description: Ethereum is a decentralized platform designed to support smart contracts and decentralized applications (dApps). Its native asset, Ether (ETH), facilitates transactions within the ecosystem. Since ETH does not maintain value by referencing external assets, it does not qualify as an ART or EMT under MiCA.

Key Features:

Smart Contract Capability: Enables programmable transactions and automation.

dApp Hosting: Supports a broad range of decentralized applications.

Consensus Mechanism Shift: Transitioning from proof-of-work to proof-of-stake for enhanced efficiency.

3. USD Coin (USDC) – ERC-20 on Ethereum
MiCA Classification: E-Money Token (EMT)
Description: USDC is a stablecoin pegged to the U.S. dollar, issued by regulated financial institutions and backed by equivalent fiat reserves. It qualifies as an EMT under MiCA, as its value remains stable by maintaining a direct reference to an official currency.

Key Features:

Price Stability: Pegged 1:1 to the U.S. dollar.

Regulatory Oversight: Issued by entities subject to financial regulations.

Transparency: Regularly audited to ensure adequate fiat reserves.

This list is subject to periodic updates as new assets are added or removed in response to regulatory developments and platform requirements. No prior notice of changes is required.