Crypto-Asset Offering Eligibility Checker
Determine whether an offer to the public of a crypto-asset (other than an ART or EMT) needs a white paper under MiCA Art. 4
Is the offeror a legal person?
Art. 4(1)(a): only a legal person may make an offer to the public
Has the offeror made known its intention to seek admission to trading?
Art. 4(4): if yes, the exemptions of Art. 4(2) and 4(3) do not apply
✓ At most €1,000,000 (Art. 4(2)(b))
Load example scenarios:
MiCA Compliance Note
Implemented: Art. 4(1)(a) — only a legal person may make an offer to the public
Implemented: Art. 4(2)(a) — offer to fewer than 150 persons per Member State
Implemented: Art. 4(2)(b) — total consideration ≤ €1,000,000 over 12 months
Implemented: Art. 4(2)(c) — offer solely to qualified investors, crypto-asset only holdable by them
Implemented: Art. 4(3)(a)–(d) — crypto-asset offered for free, validation rewards, utility tokens for existing goods or services, limited networks (Title II does not apply), including the limited network notification above €1,000,000
Implemented: Art. 4(4) — exemptions lost when the offeror announces an intention to seek admission to trading
Implemented: Art. 8(5) — notification at least 20 working days before publication of the white paper
Out of scope: Art. 6 — white paper content validation (complex document generation)
Out of scope: Art. 8 — actual notification to the competent authority (requires API integration)
Out of scope: Art. 4(6) — utility tokens for goods or services that do not yet exist (12-month offer limit)
What this POC does not implement
- ❌ White paper document generation — requires multi-section form + PDF output (Art. 6)
- ❌ Notification to the competent authority — requires direct integration with competent authority API
- ❌ Working day calculation with state-specific holidays — uses simplified EU-wide calendar
- ❌ Legal entity verification — no real KYC/company registry lookup
- ❌ Geographic distribution tracking — treats all Member States equivalently