MiCA and gaming: What Europe’s landmark crypto regulation means for blockchain casinos

Key Points

1. MiCA, adopted in 2023 and implemented in phases through 2024-2025, regulates crypto-assets not covered by existing laws, including stablecoins and crypto-asset service providers (CASPs).

2. Blockchain casinos and GameFi platforms must comply with MiCA by obtaining CASP licenses, implementing AML procedures, and ensuring transparent operations like provably fair gaming and clear tokenomics.

3. MiCA introduces stricter requirements for whitepaper disclosures, reserve audits, and user identity verification, reducing unreliable operators and boosting market confidence.

4. The regulation's impact extends beyond the EU, influencing other jurisdictions like Canada to adopt similar frameworks, promoting interoperability and standardized crypto regulations globally.

5. Compliance with MiCA involves investments in legal advice, AML software, and licensing, potentially making compliant crypto-native casinos attractive for acquisitions due to enhanced trust and legal clarity.