# MiCA Checker

The **MiCA Checker** is a free compliance diagnostic tool built that enables crypto projects to quickly evaluate whether their white papers meet the regulatory standards of the European Union’s **Markets in Crypto-Assets Regulation (MiCA)**.

It is the first open-access product that enables developers, legal teams, and regulators to assess MiCA white paper compliance in real time—before legal deadlines or exchange submissions.

## Why It Exists

<figure><img src="https://4243707769-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FVuK5hWylXwNc0qjldsRZ%2Fuploads%2FK8f7S1rZD5n5b0Hh58We%2FScreenshot%202025-07-15%20at%2010.03.52%E2%80%AFPM.png?alt=media&#x26;token=51b08e7a-49f4-45da-a93a-05ae7ac4164c" alt=""><figcaption></figcaption></figure>

MiCA, which came into force in 2023, requires all issuers of crypto-assets in the EU to publish a white paper that satisfies disclosure rules under **Articles 4 and 5**. These rules include required information on:

* The issuer and project team
* The crypto-asset’s features and risks
* The underlying technology
* Investor rights and responsibilities

Unfortunately, most white papers circulating today fall short of these obligations—either due to incomplete information, informal formatting, or legal misalignment.

**The MiCA Checker helps solve this by making compliance pre-checks accessible, automated, and standardized.**

***

## Key Features

The MiCA Checker offers a secure and frictionless way to test your white paper:

* **Instant Analysis**: Upload a `.pdf` or `.docx` file and receive feedback within seconds
* **Diagnostic Checklist**: View a structured breakdown of each required disclosure field under Articles 4 and 5
* **Color-Coded Flags**: Instantly see what’s missing (🔴), incomplete (🟡), or fully covered (🟢)
* **Privacy by Design**: Documents are processed locally and are not stored on servers
* **No Login Required**: Open to anyone—founders, legal teams, exchanges, or regulators

***

## What It Checks

The tool is designed to interpret and validate white paper content across the full scope of MiCA Article 4 (General Disclosure Requirements) and Article 5 (Specific to Crypto-Assets Offered to the Public).

Each requirement is tested across categories such as:

| MiCA Requirement  | What We Look For                              |
| ----------------- | --------------------------------------------- |
| Issuer identity   | Corporate details, governance, registration   |
| Token economics   | Supply model, allocation, inflation policy    |
| Technology        | Consensus, custody, network infrastructure    |
| Risk factors      | Volatility, legal uncertainty, security risks |
| Investor rights   | Redemption terms, voting, liabilities         |
| Legal disclaimers | Waivers, exclusions, applicable laws          |

Where SmartDocs is enabled, projects can auto-remediate missing sections using pre-formatted templates mapped to MiCA structure.

***

## Using MiCA Checker&#x20;

The following breaks down how to use the Bluprynt MiCA Checker:&#x20;

### Step 1: Jurisdiction & Asset Type Selection&#x20;

Select “European Union” as the jurisdiction and select one of the available asset types (i.e., "OT (Other Token)", "EMT (E-Money Token)", "ART (Asset-Referenced Token)").&#x20;

<figure><img src="https://4243707769-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FVuK5hWylXwNc0qjldsRZ%2Fuploads%2FvyLxNlvBSRTxGOCqZcDj%2FScreenshot%202025-07-15%20at%2010.07.57%E2%80%AFPM.png?alt=media&#x26;token=62cb77b3-dbab-4398-9373-1fc48178f5ba" alt=""><figcaption></figcaption></figure>

### Step 2: Upload the White Paper&#x20;

Upload your white paper or terms.&#x20;

<figure><img src="https://4243707769-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FVuK5hWylXwNc0qjldsRZ%2Fuploads%2FzzwFNOOhyk75XgLkvPQ9%2FScreenshot%202025-07-15%20at%2010.15.41%E2%80%AFPM.png?alt=media&#x26;token=0832edd0-3ac4-448c-bc8f-d74219794b4e" alt=""><figcaption></figcaption></figure>

### Step 3: Analyze the White Paper&#x20;

Press the "Analyze document" button to Analyze the white paper and receive your diagnostic report with a MiCA-specific checklist.&#x20;

<figure><img src="https://4243707769-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FVuK5hWylXwNc0qjldsRZ%2Fuploads%2FQhmBFfNjGV3XkcXMlcVT%2FScreenshot%202025-07-15%20at%2010.17.54%E2%80%AFPM.png?alt=media&#x26;token=c5b89606-0687-4bb2-ad02-64f9c7b01ba2" alt=""><figcaption></figcaption></figure>

### Step 3: Upgrade to SmartDocs&#x20;

Recieve a poor assessment? No worries! You may upgrade your account and have your MiCA White Paper composed for you using [SmartDocs](smartdocs).&#x20;

***

## Use Cases

<table><thead><tr><th width="175.734375">Audience</th><th>How They Use It</th></tr></thead><tbody><tr><td><strong>Founders</strong></td><td>Ensure their white paper is legally sufficient before a token launch</td></tr><tr><td><strong>Law firms</strong></td><td>Audit client disclosures at scale before sign-off</td></tr><tr><td><strong>Exchanges</strong></td><td>Pre-screen MiCA eligibility before listing</td></tr><tr><td><strong>Regulators</strong></td><td>Use as a validation tool for internal review or sandbox programs</td></tr><tr><td><strong>Investors</strong></td><td>Confirm the existence of standardized disclosures for token analysis</td></tr></tbody></table>

***

## Future Expansion

Bluprynt will extend this tool to support:

* MiCA titles beyond Articles 4 and 5 (e.g., for ARTs and EMTs)
* Jurisdiction toggles for UK, UAE, Ghana, and U.S. equivalents
* SmartDoc-linked disclosure templates for one-click remediation
* API endpoints for automated batch testing and explorer integrations

***

The MiCA Checker helps de-risk token launches in the EU and simplifies how founders, investors, and regulators evaluate compliance in a multi-chain world.

You can try it now at [micachecker.com](https://micachecker.com) or explore the blog post [here](https://www.bluprynt.com/post/bluprynt-launches-free-mica-checker-to-support-white-paper-compliance-across-the-eu).
