About — DEA MiCAR Tracker

What the MiCAR Tracker is

The MiCAR Tracker is a lightweight, open project that gathers and digests public information about crypto-asset actors covered by the EU Markets in Crypto-Assets rules. Its purpose is simple: give the community and industry stakeholders clearer, comparable, and easy-to-scan information on market behaviour, costs, and compliance signals. Think of the tracker as a navigation compass — it helps identify places worth deeper investigation, but it is not a substitute for formal audits or regulatory reviews.

What is MiCAR (MiCA)

MiCAR — Markets in Crypto-Assets Regulation (often abbreviated MiCA) is the European Union’s legal framework to regulate crypto-assets and the services around them. MiCAR is intended to support the safe adoption of blockchain and distributed ledger technology while protecting users and investors. The EU Parliament adopted MiCAR on 20 April 2023, and the regulation became fully applicable in December 2024.

What is ESMA

ESMA (the European Securities and Markets Authority) is the EU’s markets regulator and supervisor. ESMA coordinates supervisory activity across member states, hosts registers required by MiCAR, and publishes the interim MiCA register that this Tracker uses as a primary source. ESMA’s interim register is intended to meet the MiCAR legal deadline and is being updated regularly until it is fully integrated into ESMA’s IT systems.

Official ESMA MiCA page & interim register:
https://www.esma.europa.eu/esmas-activities/digital-finance-and-innovation/markets-crypto-assets-regulation-mica#InterimMiCARegister

What the ESMA (Interim) MiCA Register contains

To comply with Articles 109 and 110 of MiCAR, ESMA publishes a central register. To meet the legal deadline ESMA prepared an interim MiCA register (a set of CSV files) that will be re-published at regular intervals until the register is formally integrated into ESMA systems (planned for mid-2026). The interim register consists of five CSV files:

White papers for crypto-assets other than asset-referenced tokens and e-money tokens (Title II)
Issuers of asset-referenced tokens (Title III)
Issuers of e-money tokens (Title IV)
Authorised crypto-asset service providers (Title V)
Non-compliant entities providing crypto-asset services

Note: the Tracker currently does not include white papers or ARTs.

What data we pull (and what we don’t)

From the ESMA interim register and related public sources, the DEA pulls and presents the following datasets:

E-money tokens (EMTs) — issuers and meta information where available
Crypto-asset service providers (CASPs) that are listed as authorised by NCAs / reported to ESMA
Non-compliant CASPs — entities flagged by NCAs or ESMA as non-compliant

Not included / intentionally not pulled at this time:

White papers. The Tracker does not ingest or publish white paper data.
Issuers of asset-referenced tokens (ARTs). We have chosen not to pull these datasets for the public tracker at this stage.

Why: DEA has intentionally chosen not to ingest these particular datasets right now (rather than them being absent from ESMA). We may add white papers and ARTs if there is significant community interest or demand.

What are National Competent Authorities (NCAs)?

Each EU member state designates one or more National Competent Authorities (NCAs) to perform the supervisory duties assigned by MiCAR. NCAs provide data to ESMA and cooperate with other NCAs and European authorities (including the EBA and ESMA) for supervision, investigations, and enforcement. Where multiple authorities are appointed in a member state, they must agree a single point of contact to liaise with ESMA and other member states.

NCAs are the primary reporters of authorisations, authorisation dates, services provided, and any compliance or enforcement actions that appear in the ESMA register.

Interim register & update frequency — how we sync data

ESMA publishes updated interim CSVs on a weekly cadence. The interim register is a rolling dataset: NCAs submit information to ESMA and ESMA republishes the register weekly.
How we pull it: DEA pulls the interim CSVs once per week. Because of publication timing and processing, there can be up to a three-day delay between ESMA publishing an update and our Tracker reflecting that update. Treat the Tracker as showing the most recent weekly snapshot processed by DEA, not a real-time feed. The latest update date is refreshed at the bottom of this website.

Do we change the data? (Filtering & enrichment)

We present ESMA’s public data in a more digestible form for readers. To do that we:

Filter out default or redundant CSV columns that are noisy for quick comparison.
Records are enriched with DEA’s own, non-confidential annotations to improve clarity and usability, such as explicitly naming EMT assets where identifiers are ambiguous, simplifying and standardising service descriptions for CASPs, and grouping asset types for easier interpretation.
- EMT handling: for E-money tokens (EMTs), where the CSV data is difficult to digest, we combine roles from the CSV and connect them to the same company so readers see a consolidated company view rather than many fragmented rows.
- Stablecoin linking: we also attempt to connect stablecoins to issuers and identify which stablecoins an entity is issuing or for which stablecoins they have added a white paper in the registry.
Add KPI cards with statistics for quick overview.

We do not alter the underlying facts reported by ESMA or NCAs — our changes are limited to presentation, column selection, linking, and helpful contextual notes. Because much of the enrichment involves non-automated, manual work, errors may occasionally arise; we do our best to minimise and correct mistakes and to keep the enriched information up to date.

Why we built it

Our aim is to turn raw public data into concise, comparable summaries so people — whether community members, journalists, industry practitioners, or policymakers — can better understand market dynamics, costs, and compliance posture. The Tracker is a first-look tool: it helps spot trends and anomalies quickly and points researchers toward the official sources for deeper work.

Who leads this project

This project is led by the Digital Euro Association (DEA). The MiCAR Tracker is a DEA initiative to improve transparency in the digital-money ecosystem.

DEA — mission & core pillars

The Digital Euro Association is an independent voice committed to advancing values such as freedom, privacy, and transparent governance in digital money.

What we do

We focus on emerging topics such as CBDCs and stablecoins and on novel forms of digital money and payment infrastructures.

Who we are

A think tank specialising in central bank digital currencies (CBDCs), stablecoins, and other forms of digital fiat currencies.

Mission

DEA promotes independence in aggregating and amplifying societal views, furthers the public good through knowledge exchange, and encourages forward-thinking in digital money. Partnerships do not imply endorsement of member ideologies, products, or political regimes.

Core pillars:

Education: publications, conferences, courses, and working groups
Community & Collaboration: multidisciplinary networks and cross-institutional exchange
Public Affairs: engagement with European bodies, advisory work on CBDC/stablecoin policy

Sources, methodology & transparency

The official ESMA MiCA page and interim register is the primary source for the datasets used by this Tracker:

ESMA Interim MiCA Register:
https://www.esma.europa.eu/esmas-activities/digital-finance-and-innovation/markets-crypto-assets-regulation-mica#InterimMiCARegister

MiCAR Tracker

About the MiCAR Tracker