MiCA Regulation and COCA

What is MiCA?

The Markets in Crypto-Assets Regulation (MiCA) is the European Union’s regulatory framework for crypto-assets and crypto-asset service providers (CASPs). Its goal is to create a consistent set of rules across the EU, improve consumer protection, increase transparency, and establish regulatory requirements for businesses that issue crypto-assets or provide custodial crypto services.

MiCA primarily applies to companies that:

- Hold crypto-assets on behalf of customers.
- Exchange crypto-assets for fiat or other crypto-assets.
- Operate trading platforms.
- Execute crypto transactions for clients.

Does MiCA apply to COCA?

COCA is non-custodial.

This means that you retain control of your assets and authorise every transaction yourself. Because COCA does not provide custodial wallet services, the platform itself is generally outside the scope of MiCA provisions that apply to custodial Crypto-Asset Service Providers (CASPs).

What does “non-custodial” mean?

A non-custodial wallet means:

- You control your crypto assets.
- You authorise every transaction.
- Your private keys are not held by COCA.
- COCA cannot access, move, or recover your assets on your behalf.

This gives you full ownership and responsibility for your digital assets while they’re stored in your wallet.

How does this work with the COCA Card?

Although your wallet is non-custodial, COCA also provides access to regulated payment services through its card infrastructure.

When you initiate an operation—such as:

- making a card purchase,
- sending a bank transfer,
- or performing another supported payment—

you authorise the transaction from your non-custodial wallet. The required amount is then processed through the regulated payment infrastructure to complete that specific transaction.

Your crypto assets remain under your control until you choose to use them.

Does COCA need a MiCA licence?

The COCA non-custodial wallet itself is not a custodial crypto service and therefore is not licensed as a MiCA Crypto-Asset Service Provider (CASP).

Where regulated payment services are involved, they are provided through the appropriate regulated payment infrastructure and are subject to the applicable financial regulations governing those services.

Does MiCA affect how I use my COCA wallet?

For all users, the experience remains the same.

You can continue to:

- Hold your crypto in your non-custodial wallet.
- Control your own assets.
- Authorise transactions directly from your wallet.
- Use supported payment features when you choose to initiate them.

MiCA is primarily designed to regulate custodial crypto businesses and other crypto-asset service providers, rather than self-custody wallets where users retain control of their own assets.

Frequently Asked Questions

Does COCA hold my crypto?

No. Your crypto remains in your non-custodial wallet until you authorise a transaction.

Can COCA access my funds?

No. Because the wallet is non-custodial, COCA does not have access to your private keys or control over your crypto assets.
 

Does MiCA change how my wallet works?

No. MiCA does not change the self-custody model of the COCA wallet. You continue to control your own assets and authorise all transactions yourself.

Why are payment services treated differently?

Payment services and crypto wallet services are governed by different regulatory frameworks. While your wallet remains non-custodial, payment transactions are processed through regulated payment infrastructure to enable card payments and other supported financial services.



Disclaimer
This article is provided for general informational purposes only and does not constitute legal, regulatory, or tax advice. While we strive to keep the information accurate and up to date, regulatory requirements may change over time and may vary depending on your country of residence and individual circumstances. If you require advice regarding your legal, tax, or regulatory obligations, we recommend consulting a qualified professional.