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Reserve requirements. Segregation of assets. Financial reporting for CASPs. MiCA put the CFO at the centre of crypto compliance.

Under Regulation (EU) 2023/1114, Crypto-Asset Service Providers face obligations that belong to finance — not legal, not IT. Asset-Referenced Tokens and E-Money Tokens require reserve asset management, prudential capital controls, and client asset segregation that the CFO must verify daily. Whitepaper disclosures now carry financial liability.

Legal handles authorisation. IT builds custody systems. But the CFO owns compliance with ESMA and EBA standards on reserve adequacy and capital buffers. This is balance sheet and treasury work.

If your organisation issues tokens or provides crypto services in the EU, MiCA compliance is a finance function responsibility. The regulation makes that clear.

Learnsignal's MiCA course covers CASP financial obligations and reserve frameworks for finance leaders.

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Four conditions on a per-paper ACCA purchase: complete 80% of the course before your exam window, finish 100% of the revision boot camp at least two weeks out, submit a mock, and sit the exam. That's it.

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CASP authorisation. ART reserve requirements. EMT prudential rules. MiCA is a finance function problem, not just a compliance checkbox.

Regulation (EU) 2023/1114 puts reserve asset management, prudential capital rules, and balance sheet obligations directly in the CFO's domain. Firms issuing asset-referenced tokens must maintain segregated reserves with strict custody and liquidity standards. E-money tokens trigger capital requirements under Title IV that finance teams must design and monitor.

CASP authorisation requires demonstrable own funds, governance frameworks, and reporting infrastructure — all finance function deliverables. ESMA and EBA technical standards are tightening whitepaper disclosures around reserve composition and redemption rights.

This is treasury work, not tick-box compliance. If your firm is in scope of MiCA and finance isn't leading the response, you're exposed.