EU MiCA Reviews discussions on non-custodial Bitcoin wallet certification and regulation of protocol access services
BIBIBI
AT A GLANCE
The EU is reviewing MiCA, discussing certification requirements for non-custodial Bitcoin wallet developers.
Article
【EU MiCA reviews mandatory certification requirements for non-custodial Bitcoin wallets】
The EU is reviewing MiCA, with the consultation concerning a requirement for developers of non-custodial Bitcoin wallets to obtain certification before making the software available to the public. The European Securities and Markets Authority (ESMA) stated that open-source development, self-custody, automated smart contracts, and permissionless infrastructure should not automatically be considered regulated intermediaries. Meanwhile,ESMA proposed establishing a new regulated service for crypto-asset service providers offering clients access to decentralized protocols. This review has not changed the current rules. The European Commission will assess the feedback and submit a review report under Article MiCA 140 by June 30, 2027.
Key points
01
The EU is reviewing MiCA。
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The consultation concerns a requirement for developers of non-custodial Bitcoin wallets to obtain certification before making the software available to the public.
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ESMA stated that open-source development, self-custody, automated smart contracts, and permissionless infrastructure should not automatically be considered regulated intermediaries.
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ESMA proposed establishing a new regulated service for crypto-asset service providers offering clients access to decentralized protocols.
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This review has not changed the current rules.
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The European Commission will submit a review report under MiCA Article 140 by June 30, 2027.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This is an ongoing regulatory review. The certification requirements are currently the subject of consultation and discussion, and are not new rules that have entered into force.
Why it matters to readers
The review outcome could affect non-custodial wallet software developers and crypto-asset service providers offering clients access to decentralized protocols.
A non-custodial wallet generally refers to a wallet in which users control the assets themselves; the issue discussed here is whether the related software would require certification before being made publicly available.
Risks and unknowns
The evidence provides only a Telegram link and does not include the original consultation document from the European Commission or ESMA.
The certification requirements remain at the review and discussion stage and have not changed the current rules.
The source does not clearly specify whether the final certification obligation would apply to all developers, specific service providers, or specific client-access scenarios.
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MiCA
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