MiCA, or Markets in Crypto Assets, is a regulatory ecosystem created by the European Union. The rules provide guidance for most digital assets with the exception of digital securities. Eunice AI has announced a MiCA whitepaper library to facilitate compliance for digital asset firms interested in operating in the EU.
Founded in 2022 in London, Eunice is a Fintech that offers artificial intelligence (AI) solutions to enable the digital asset industry.
The MiCA Whitepaper Library is described as an AI-powered solution designed to simplify compliance with the rules. Eunice states that it has partnered with CMS, a European law firm specializing in EU law, to provide legal opinions where needed.
The library is said to hold over 1000 whitepapers on MiCA.
MiCA requires crypto assets admitted to trading in the EU to have a compliant whitepaper detailing issuer identity, project characteristics, financials, and risks.
Eunice states this library can simplify MiCA compliance by benefitting from AI.
Mike Ringer, Partner at CMS, says that MiCA represents a major regulatory shift, and non-compliance risks delisting.
“Our partnership with Eunice ensures firms can meet requirements efficiently, combining legal expertise with AI-powered automation.”