{"id":1588,"date":"2026-06-11T02:49:19","date_gmt":"2026-06-10T21:19:19","guid":{"rendered":"https:\/\/stnews.live\/2026\/06\/explanation-eu-mica-licensing-criteria-crypto-exchanges-2\/"},"modified":"2026-06-11T02:49:19","modified_gmt":"2026-06-10T21:19:19","slug":"explanation-eu-mica-licensing-criteria-crypto-exchanges","status":"publish","type":"post","link":"https:\/\/stnews.live\/ar\/2026\/06\/explanation-eu-mica-licensing-criteria-crypto-exchanges\/","title":{"rendered":"\u0634\u0631\u062d \u0645\u0639\u0627\u064a\u064a\u0631 \u062a\u0631\u062e\u064a\u0635 MiCA \u0645\u0646 \u0627\u0644\u0627\u062a\u062d\u0627\u062f \u0627\u0644\u0623\u0648\u0631\u0648\u0628\u064a \u0644\u0628\u0648\u0631\u0635\u0627\u062a \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0645\u0634\u0641\u0631\u0629"},"content":{"rendered":"“`html\n\n

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\n\n\n

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\u062a\u0638\u0647\u0631 Legalnodes \u0623\u0646 \u0627\u0644\u0627\u0642\u062a\u0631\u0627\u062d \u0627\u0644\u0623\u0635\u0644\u064a \u0644\u0640 MiCA \u062a\u0645 \u0646\u0634\u0631\u0647 \u0645\u0646 \u0642\u0628\u0644 \u0627\u0644\u0645\u0641\u0648\u0636\u064a\u0629 \u0627\u0644\u0623\u0648\u0631\u0648\u0628\u064a\u0629 \u0641\u064a \u0633\u0628\u062a\u0645\u0628\u0631 2020\u060c \u0645\u0645\u0627 \u0623\u0637\u0644\u0642 \u0639\u0645\u0644\u064a\u0629 \u0627\u0633\u062a\u0645\u0631\u062a \u0644\u0633\u0646\u0648\u0627\u062a \u0644\u062a\u0634\u0643\u064a\u0644 \u0633\u064a\u0627\u0633\u0629 \u0627\u0644\u0623\u0635\u0648\u0644 \u0627\u0644\u0631\u0642\u0645\u064a\u0629 \u0639\u0628\u0631 \u0627\u0644\u0642\u0627\u0631\u0629. \u062f\u062e\u0644 \u062a\u0646\u0638\u064a\u0645 \u0623\u0633\u0648\u0627\u0642 \u0627\u0644\u0623\u0635\u0648\u0644 \u0627\u0644\u0645\u0634\u0641\u0631\u0629 \u062d\u064a\u0632 \u0627\u0644\u062a\u0646\u0641\u064a\u0630 \u0641\u064a \u064a\u0648\u0646\u064a\u0648 2023. \u0648\u0645\u0639 \u0630\u0644\u0643\u060c \u062c\u0627\u0621 \u0627\u0644\u062a\u0623\u062b\u064a\u0631 \u0627\u0644\u062d\u0642\u064a\u0642\u064a \u0639\u0644\u0649 \u0645\u0631\u0627\u062d\u0644. \u0628\u062d\u0644\u0648\u0644 30 \u062f\u064a\u0633\u0645\u0628\u0631 2024\u060c \u0623\u0635\u0628\u062d\u062a MiCA \u0645\u0644\u0632\u0645\u0629 \u0628\u0627\u0644\u0643\u0627\u0645\u0644 \u0644\u0644\u0628\u0648\u0631\u0635\u0627\u062a.<\/p>\n\n\n

    \n
  1. \u0633\u0628\u062a\u0645\u0628\u0631 2020:<\/strong> \u062a\u0645 \u0627\u0642\u062a\u0631\u0627\u062d MiCA \u0644\u0623\u0648\u0644 \u0645\u0631\u0629 \u0645\u0646 \u0642\u0628\u0644 \u0627\u0644\u0645\u0641\u0648\u0636\u064a\u0629 \u0627\u0644\u0623\u0648\u0631\u0648\u0628\u064a\u0629.<\/li>\n\n\n
  2. \u064a\u0648\u0646\u064a\u0648 2023:<\/strong> \u062f\u062e\u0648\u0644 \u0627\u0644\u062a\u0646\u0638\u064a\u0645 \u062d\u064a\u0632 \u0627\u0644\u062a\u0646\u0641\u064a\u0630 – \u0628\u062f\u0621 \u0627\u0644\u0641\u062a\u0631\u0629 \u0627\u0644\u0627\u0646\u062a\u0642\u0627\u0644\u064a\u0629.<\/li>\n\n\n
  3. 30 \u064a\u0648\u0646\u064a\u0648 2024:<\/strong> \u062f\u062e\u0648\u0644 \u0627\u0644\u0642\u0648\u0627\u0639\u062f \u0627\u0644\u062e\u0627\u0635\u0629 \u0628\u0627\u0644\u0631\u0645\u0648\u0632 \u0627\u0644\u0645\u0631\u062a\u0628\u0637\u0629 \u0628\u0627\u0644\u0623\u0635\u0648\u0644 (ART) \u0648\u0631\u0645\u0648\u0632 \u0627\u0644\u0646\u0642\u0648\u062f \u0627\u0644\u0625\u0644\u0643\u062a\u0631\u0648\u0646\u064a\u0629 (EMT) \u062d\u064a\u0632 \u0627\u0644\u062a\u0646\u0641\u064a\u0630.<\/li>\n\n\n
  4. 30 \u062f\u064a\u0633\u0645\u0628\u0631 2024:<\/strong> \u062a\u0635\u0628\u062d \u062c\u0645\u064a\u0639 \u0627\u0644\u0623\u062d\u0643\u0627\u0645 \u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629 \u0625\u0644\u0632\u0627\u0645\u064a\u0629 \u0644\u0623\u064a \u0628\u0648\u0631\u0635\u0629 \u0646\u0634\u0637\u0629 \u0641\u064a \u0627\u0644\u0627\u062a\u062d\u0627\u062f \u0627\u0644\u0623\u0648\u0631\u0648\u0628\u064a.<\/li>\n\n\n
  5. \u0645\u0646\u062a\u0635\u0641 2026:<\/strong> \u062a\u0647\u062f\u0641 ESMA \u0625\u0644\u0649 \u0625\u0637\u0644\u0627\u0642 \u0633\u062c\u0644 \u0645\u0631\u0643\u0632\u064a \u062f\u0627\u0626\u0645 \u064a\u0633\u0631\u062f \u0643\u0644 \u0645\u0632\u0648\u062f \u0645\u0631\u062e\u0635 \u0648\u0623\u0635\u0644 \u0645\u062a\u0648\u0627\u0641\u0642.<\/li>\n\n<\/ol>\n\n\n

    \u062a\u0624\u0643\u062f ESMA \u0623\u0646 \u0647\u0630\u0627 \u0627\u0644\u0646\u0647\u062c \u0627\u0644\u0645\u0631\u062d\u0644\u064a \u062a\u0631\u0643 \u0645\u0633\u0627\u062d\u0629 \u062a\u0646\u0641\u0633 \u0642\u0644\u064a\u0644\u0629 – \u062d\u064a\u062b \u0643\u0627\u0646 \u0644\u062f\u0649 \u0645\u0639\u0638\u0645 \u0627\u0644\u0634\u0631\u0643\u0627\u062a 18 \u0634\u0647\u0631\u064b\u0627 \u0641\u0642\u0637 \u0644\u0625\u0639\u0627\u062f\u0629 \u0647\u064a\u0643\u0644\u0629 \u0627\u0644\u0627\u0645\u062a\u062b\u0627\u0644 \u0648\u0627\u0644\u062d\u0648\u0643\u0645\u0629. \u0628\u064a\u0646\u0645\u0627 \u0643\u0627\u0646\u062a \u0627\u0644\u0628\u0648\u0631\u0635\u0627\u062a \u062a\u0633\u0639\u0649 \u0644\u062a\u062d\u062f\u064a\u062b \u0636\u0648\u0627\u0628\u0637 \u0627\u0644\u0645\u062e\u0627\u0637\u0631 \u0648\u0627\u0644\u0648\u062b\u0627\u0626\u0642\u060c \u0643\u0627\u0646\u062a \u0627\u0644\u0633\u0644\u0637\u0627\u062a \u0627\u0644\u0648\u0637\u0646\u064a\u0629 \u062a\u062a\u0633\u0627\u0628\u0642 \u0641\u064a \u0627\u0644\u0648\u0642\u062a \u0646\u0641\u0633\u0647 \u0644\u062a\u0648\u0627\u0641\u0642 \u0627\u0644\u0642\u0648\u0627\u0646\u064a\u0646 \u0627\u0644\u0645\u062d\u0644\u064a\u0629 \u0645\u0639 \u0645\u0639\u0627\u064a\u064a\u0631 MiCA\u060c \u0645\u0645\u0627 \u062c\u0639\u0644 \u0641\u062a\u0631\u0629 \u0627\u0644\u062a\u0643\u064a\u0641 \u0635\u0639\u0628\u0629 \u0628\u0634\u0643\u0644 \u062e\u0627\u0635.<\/p>\n\n\n

    \u0648\u0641\u0642\u064b\u0627 \u0644\u0640 Legalnodes\u060c \u0643\u0627\u0646\u062a \u0648\u0627\u062d\u062f\u0629 \u0645\u0646 \u0623\u0635\u0639\u0628 \u0623\u062c\u0632\u0627\u0621 MiCA \u0647\u064a \u0627\u0644\u062a\u0633\u0644\u0633\u0644 \u0627\u0644\u0636\u064a\u0642 \u0644\u0645\u0631\u0627\u062d\u0644 \u0627\u0644\u0627\u0645\u062a\u062b\u0627\u0644 \u0645\u0646 \u0645\u0646\u062a\u0635\u0641 2023 \u0625\u0644\u0649 \u0623\u0648\u0627\u062e\u0631 2024. \u0643\u0627\u0646\u062a \u0627\u0644\u0631\u0645\u0648\u0632 ART \u0648EMT \u0644\u062f\u064a\u0647\u0627 \u0623\u0642\u0631\u0628 \u062a\u0648\u0627\u0631\u064a\u062e \u0644\u0644\u0627\u0645\u062a\u062b\u0627\u0644\u060c \u0644\u0630\u0627 \u0648\u0627\u062c\u0647 \u0643\u0644 \u0645\u0632\u0648\u062f \u062e\u062f\u0645\u0629 – \u0643\u0628\u064a\u0631 \u0623\u0648 \u0635\u063a\u064a\u0631 – \u0645\u0631\u0627\u062c\u0639\u0627\u062a \u0641\u0631\u062f\u064a\u0629 \u0644\u0644\u062a\u0633\u062c\u064a\u0644\u060c \u0648\u0627\u0644\u0623\u0646\u0638\u0645\u0629\u060c \u0648\u062c\u0645\u064a\u0639 \u0627\u0644\u0627\u062a\u0635\u0627\u0644\u0627\u062a \u0642\u0628\u0644 \u0627\u0644\u0645\u0648\u0639\u062f \u0627\u0644\u0646\u0647\u0627\u0626\u064a \u0644\u0644\u0645\u0639\u0627\u064a\u064a\u0631 \u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629.<\/p>\n\n\n

    \u064a\u0639\u0646\u064a \u0627\u0646\u062a\u0647\u0627\u0621 \u0627\u0644\u062a\u0631\u062a\u064a\u0628\u0627\u062a \u0627\u0644\u0627\u0646\u062a\u0642\u0627\u0644\u064a\u0629 \u0623\u0646 \u0645\u0642\u062f\u0645\u064a \u0627\u0644\u062e\u062f\u0645\u0627\u062a \u0627\u0644\u0642\u062f\u0627\u0645\u0649 \u0645\u0644\u0632\u0645\u0648\u0646 \u0628\u0625\u0643\u0645\u0627\u0644 \u0625\u0639\u062f\u0627\u062f\u0627\u062a \u0627\u0644\u0643\u064a\u0627\u0646\u0627\u062a \u0627\u0644\u0642\u0627\u0646\u0648\u0646\u064a\u0629 \u0648\u062a\u062d\u062f\u064a\u062b \u0627\u0644\u0633\u062c\u0644\u0627\u062a \u0627\u0644\u0642\u062f\u064a\u0645\u0629 \u0644\u0644\u0625\u0628\u0644\u0627\u063a \u0628\u062d\u0644\u0648\u0644 \u0635\u064a\u0641 2026.<\/p>\n\n\n

    \n\n\n

    \u062a\u0631\u062e\u064a\u0635 \u0645\u0648\u062d\u062f \u0639\u0628\u0631 \u062c\u0645\u064a\u0639 \u062f\u0648\u0644 \u0627\u0644\u0627\u062a\u062d\u0627\u062f \u0627\u0644\u0623\u0648\u0631\u0648\u0628\u064a<\/h2>\n\n\n

    \u062a\u0636\u0639 MiCA \u062d\u062f\u064b\u0627 \u0644\u0644\u062a\u062e\u0645\u064a\u0646\u060c \u0643\u0645\u0627 \u062a\u0642\u0648\u0644 ESMA: \u062a\u0631\u062e\u064a\u0635 \u0648\u0627\u062d\u062f \u0645\u0646 \u0623\u064a \u062f\u0648\u0644\u0629 \u0641\u064a \u0627\u0644\u0627\u062a\u062d\u0627\u062f \u0627\u0644\u0623\u0648\u0631\u0648\u0628\u064a \u064a\u063a\u0637\u064a \u062c\u0645\u064a\u0639 \u0627\u0644\u0623\u0639\u0645\u0627\u0644 \u0639\u0628\u0631 \u0627\u0644\u062d\u062f\u0648\u062f \u0641\u064a \u0627\u0644\u0643\u062a\u0644\u0629. \u062a\u0646\u0637\u0628\u0642 \u0627\u0644\u0642\u0648\u0627\u0639\u062f \u0627\u0644\u062c\u062f\u064a\u062f\u0629 \u0639\u0644\u0649 \u0627\u0644\u062d\u0641\u0638\u060c \u0648\u0627\u0644\u062a\u062f\u0627\u0648\u0644\u060c \u0648\u062a\u0646\u0641\u064a\u0630 \u0627\u0644\u0637\u0644\u0628\u0627\u062a\u060c \u0648\u062a\u0633\u062c\u064a\u0644 \u0627\u0644\u0639\u0645\u0644\u0627\u0621. \u0648\u0628\u064a\u0646\u0645\u0627 \u0644\u0627 \u062a\u0632\u0627\u0644 \u0627\u0644\u0647\u064a\u0626\u0627\u062a \u0627\u0644\u062a\u0646\u0638\u064a\u0645\u064a\u0629 \u0627\u0644\u0648\u0637\u0646\u064a\u0629 \u062a\u062a\u0648\u0644\u0649 \u0627\u0644\u0641\u062d\u0648\u0635\u0627\u062a \u0627\u0644\u064a\u0648\u0645\u064a\u0629\u060c \u0641\u0625\u0646 \u0627\u0644\u0645\u062a\u0637\u0644\u0628\u0627\u062a \u0627\u0644\u0623\u0633\u0627\u0633\u064a\u0629 \u0648\u0627\u0644\u062a\u0642\u0627\u0631\u064a\u0631 \u0644\u0627 \u062a\u062a\u063a\u064a\u0631 – \u0633\u0648\u0627\u0621 \u0641\u064a \u0641\u0631\u0646\u0633\u0627 \u0623\u0648 \u0623\u0644\u0645\u0627\u0646\u064a\u0627 \u0623\u0648 \u0645\u0627\u0644\u0637\u0627 \u0623\u0648 \u0623\u064a \u0645\u0643\u0627\u0646 \u0622\u062e\u0631\u060c \u062a\u0628\u0642\u0649 \u0627\u0644\u0623\u0633\u0627\u0633\u064a\u0627\u062a \u0645\u062a\u0637\u0627\u0628\u0642\u0629.<\/p>\n\n\n

    \u0647\u0630\u0627 \u0627\u0644\u062a\u0631\u062e\u064a\u0635 \u0627\u0644\u0645\u0648\u062d\u062f \u064a\u0642\u0644\u0628 \u0646\u0647\u062c \u0623\u0648\u0631\u0648\u0628\u0627 \u0627\u0644\u0642\u062f\u064a\u0645 \u0627\u0644\u0645\u062c\u0632\u0623\u060c \u0645\u0645\u0627 \u064a\u062c\u0628\u0631 \u0627\u0644\u0628\u0648\u0631\u0635\u0627\u062a \u0639\u0644\u0649 \u0627\u0644\u062d\u0641\u0627\u0638 \u0639\u0644\u0649 \u0628\u0631\u0627\u0645\u062c \u0627\u0645\u062a\u062b\u0627\u0644 \u062a\u0644\u0628\u064a \u062a\u062f\u0642\u064a\u0642 \u0623\u064a \u0648\u0643\u0627\u0644\u0629 \u0648\u0637\u0646\u064a\u0629 – \u0623\u0648 ESMA \u0646\u0641\u0633\u0647\u0627. \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0643\u0628\u064a\u0631\u0629 – \u064a\u0645\u0643\u0646 \u0644\u0644\u0645\u0634\u063a\u0644\u064a\u0646 \u0627\u0644\u0645\u0631\u062e\u0635\u064a\u0646 \u0627\u0644\u0648\u0635\u0648\u0644 \u0625\u0644\u0649 \u062b\u0627\u0644\u062b \u0623\u0643\u0628\u0631 \u0633\u0648\u0642 \u0641\u064a \u0627\u0644\u0639\u0627\u0644\u0645 \u0645\u0646 \u062d\u064a\u062b \u0627\u0644\u0646\u0627\u062a\u062c \u0627\u0644\u0645\u062d\u0644\u064a \u0627\u0644\u0625\u062c\u0645\u0627\u0644\u064a\u060c \u0643\u0645\u0627 \u062a\u0628\u0631\u0632 Innreg. \u062a\u0634\u064a\u0631 Legalnodes \u0625\u0644\u0649 \u0623\u0646\u0647 \u0639\u0644\u0649 \u0627\u0644\u0631\u063a\u0645 \u0645\u0646 \u0623\u0646\u0647 \u062a\u0631\u062e\u064a\u0635 MiCA \u0648\u0627\u062d\u062f\u060c \u0644\u0627 \u062a\u0632\u0627\u0644 \u0627\u0644\u0628\u0648\u0631\u0635\u0627\u062a \u0628\u062d\u0627\u062c\u0629 \u0625\u0644\u0649 \u0645\u0632\u0627\u0645\u0646\u0629 \u062a\u0634\u0643\u064a\u0644 \u0627\u0644\u0634\u0631\u0643\u0627\u062a\u060c \u0648\u0627\u0644\u0645\u062f\u0641\u0648\u0639\u0627\u062a\u060c \u0648\u0625\u0642\u0631\u0627\u0631\u0627\u062a \u0627\u0644\u0636\u0631\u0627\u0626\u0628 \u0627\u0644\u0645\u062d\u0644\u064a\u0629 \u0641\u064a \u0643\u0644 \u0648\u0644\u0627\u064a\u0629 \u0642\u0636\u0627\u0626\u064a\u0629.<\/p>\n\n\n

    \u0623\u0635\u0628\u062d\u062a \u0623\u0646\u0638\u0645\u0629 \u0627\u0644\u062a\u0646\u0641\u064a\u0630 \u0627\u0644\u0622\u0646 \u0645\u062a\u0632\u0627\u0645\u0646\u0629 \u0639\u0628\u0631 \u0627\u0644\u062f\u0648\u0644 \u0627\u0644\u0623\u0639\u0636\u0627\u0621\u060c \u0643\u0645\u0627 \u0647\u0648 \u0645\u0648\u0636\u062d \u0641\u064a \u0646\u0634\u0631\u0629 ESMA \u0641\u064a \u062f\u064a\u0633\u0645\u0628\u0631 2025. \u0625\u0630\u0627 \u0641\u0642\u062f\u062a \u0628\u0648\u0631\u0635\u0629 \u062a\u0631\u062e\u064a\u0635\u0647\u0627 \u0628\u0633\u0628\u0628 \u0627\u0646\u062a\u0647\u0627\u0643\u0627\u062a \u0627\u0644\u0627\u0645\u062a\u062b\u0627\u0644 \u0641\u064a \u062f\u0648\u0644\u0629 \u0648\u0627\u062d\u062f\u0629\u060c \u064a\u062a\u0645 \u0633\u062d\u0628 \u062a\u0641\u0648\u064a\u0636\u0647\u0627 \u0639\u0644\u0649 \u0627\u0644\u0641\u0648\u0631 \u0645\u0646 \u0627\u0644\u0627\u062a\u062d\u0627\u062f \u0627\u0644\u0623\u0648\u0631\u0648\u0628\u064a \u0628\u0623\u0643\u0645\u0644\u0647\u060c \u0648\u064a\u062a\u0645 \u0625\u062f\u0631\u0627\u062c \u0627\u0644\u0645\u062e\u0627\u0644\u0641\u0629 \u0641\u064a \u0627\u0644\u0633\u062c\u0644 \u0627\u0644\u0645\u0631\u0643\u0632\u064a \u0644\u0640 ESMA.<\/p>\n\n\n

    \n\n\n

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    \n\n\n

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    \n\n\n

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    \u0623\u064a\u0636\u064b\u0627\u060c \u062a\u0633\u0644\u0637 Legalnodes \u0627\u0644\u0636\u0648\u0621 \u0639\u0644\u0649 \u0643\u064a\u0641 \u0623\u0646 \u0647\u0630\u0647 \u0627\u0644\u0627\u0644\u062a\u0632\u0627\u0645\u0627\u062a \u0627\u0644\u0645\u062a\u0639\u0644\u0642\u0629 \u0628\u0645\u0643\u0627\u0641\u062d\u0629 \u063a\u0633\u0644 \u0627\u0644\u0623\u0645\u0648\u0627\u0644 \u0648\u0627\u0644\u0625\u0628\u0644\u0627\u063a \u0644\u064a\u0633\u062a \u0627\u062e\u062a\u064a\u0627\u0631\u064a\u0629 – \u0628\u0644 \u0647\u064a \u0645\u062a\u0634\u0627\u0628\u0643\u0629 \u0628\u0634\u0643\u0644 \u0648\u062b\u064a\u0642 \u0645\u0639 \u0634\u0631\u0648\u0637 \u062a\u0631\u062e\u064a\u0635 MiCA.<\/p>\n\n\n

    \u0628\u0646\u0627\u0621 \u062a\u0644\u0643 \u0627\u0644\u0628\u0646\u064a\u0629 \u0627\u0644\u062a\u062d\u062a\u064a\u0629 \u064a\u0645\u062b\u0644 \u062a\u062d\u062f\u064a\u064b\u0627\u060c \u062e\u0627\u0635\u0629\u064b \u0645\u0639 \u0623\u0646 \u0627\u0644\u0623\u0639\u0628\u0627\u0621 \u0627\u0644\u0645\u062c\u0645\u0639\u0629 \u0644\u0640 MiCA \u0648\u0642\u0627\u0639\u062f\u0629 \u0627\u0644\u0633\u0641\u0631 \u062a\u0639\u0646\u064a \u0623\u0646 \u0623\u0646\u0638\u0645\u0629 \u0645\u0631\u0627\u0642\u0628\u0629 \u0627\u0644\u062a\u062d\u0648\u064a\u0644 \u0627\u0644\u062c\u062f\u064a\u062f\u0629 \u064a\u062c\u0628 \u0623\u0646 \u062a\u0642\u0648\u0645 \u0628\u0623\u062a\u0645\u062a\u0629 \u062a\u0628\u0627\u062f\u0644 \u0627\u0644\u0628\u064a\u0627\u0646\u0627\u062a \u0641\u064a \u0627\u0644\u0648\u0642\u062a \u0627\u0644\u062d\u0642\u064a\u0642\u064a \u0645\u0639 \u0627\u0644\u0645\u0646\u0638\u0645\u064a\u0646.<\/p>\n\n\n

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    \n\n\n

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    \u062a\u0642\u0631\u064a\u0631 Cyfrin \u0623\u0646\u0647 \u0645\u0646\u0630 \u062f\u064a\u0633\u0645\u0628\u0631 2024\u060c \u0641\u0631\u0636 \u0627\u0644\u0645\u0646\u0638\u0645\u0648\u0646 \u0623\u0643\u062b\u0631 \u0645\u0646 540 \u0645\u0644\u064a\u0648\u0646 \u064a\u0648\u0631\u0648 \u0643\u063a\u0631\u0627\u0645\u0627\u062a \u0639\u0644\u0649 \u0627\u0644\u0628\u0648\u0631\u0635\u0627\u062a \u0627\u0644\u062a\u064a \u0644\u0645 \u062a\u0644\u062a\u0632\u0645 \u0628\u0627\u0644\u062a\u0633\u062c\u064a\u0644\u060c \u0623\u0648 \u0627\u0644\u0639\u0646\u0627\u064a\u0629 \u0627\u0644\u0648\u0627\u062c\u0628\u0629\u060c \u0623\u0648 \u0627\u0644\u0623\u0645\u0646 \u0627\u0644\u0633\u064a\u0628\u0631\u0627\u0646\u064a.<\/p>\n\n\n

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    \u0643\u064a\u0641 \u062a\u0639\u064a\u062f MiCA \u062a\u0634\u0643\u064a\u0644 \u0627\u0644\u0623\u0639\u0645\u0627\u0644 \u0627\u0644\u062a\u062c\u0627\u0631\u064a\u0629 \u0644\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0645\u0634\u0641\u0631\u0629 \u0641\u064a \u0627\u0644\u0627\u062a\u062d\u0627\u062f \u0627\u0644\u0623\u0648\u0631\u0648\u0628\u064a<\/h3>\n\n\n

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    \u062a\u0633\u062a\u0641\u064a\u062f \u0627\u0644\u0645\u0646\u0635\u0627\u062a \u0627\u0644\u0645\u0645\u0648\u0644\u0629 \u062c\u064a\u062f\u064b\u0627 \u0645\u0646 \u0623\u062d\u062f\u062b \u062a\u0642\u0646\u064a\u0627\u062a \u0645\u0631\u0627\u0642\u0628\u0629 \u0627\u0644\u0645\u0639\u0627\u0645\u0644\u0627\u062a \u0648\u062a\u062d\u0644\u064a\u0644 \u0627\u0644\u0631\u0645\u0648\u0632 \u0644\u062c\u0630\u0628 \u0627\u0644\u0639\u0645\u0644\u0627\u0621 \u0627\u0644\u0645\u0624\u0633\u0633\u064a\u064a\u0646 \u0627\u0644\u0630\u064a\u0646 \u064a\u0631\u064a\u062f\u0648\u0646 \u0633\u062c\u0644\u0627\u062a \u062a\u0646\u0638\u064a\u0645\u064a\u0629 \u0642\u0648\u064a\u0629. \u0628\u062d\u0644\u0648\u0644 \u0645\u0646\u062a\u0635\u0641 2026\u060c \u0648\u0641\u0642\u064b\u0627 \u0644\u0640 ESMA\u060c \u0633\u064a\u062d\u062f\u062b \u0645\u0627 \u064a\u0635\u0644 \u0625\u0644\u0649 80% \u0645\u0646 \u062c\u0645\u064a\u0639 \u0625\u0637\u0644\u0627\u0642\u0627\u062a \u0627\u0644\u0631\u0645\u0648\u0632 \u0639\u0628\u0631 \u0627\u0644\u062d\u062f\u0648\u062f \u0641\u064a \u0623\u0648\u0631\u0648\u0628\u0627 \u0641\u0642\u0637 \u0639\u0644\u0649 \u0627\u0644\u0628\u0648\u0631\u0635\u0627\u062a \u0627\u0644\u0645\u0631\u062e\u0635\u0629 \u0628\u0627\u0644\u0643\u0627\u0645\u0644 \u0628\u0645\u0648\u062c\u0628 MiCA.<\/p>\n\n“`","protected":false},"excerpt":{"rendered":"

    \u062a\u0645 \u0634\u0631\u062d \u0645\u062a\u0637\u0644\u0628\u0627\u062a \u062a\u0631\u062e\u064a\u0635 MiCA \u0645\u0646 \u0627\u0644\u0627\u062a\u062d\u0627\u062f \u0627\u0644\u0623\u0648\u0631\u0648\u0628\u064a \u0644\u062a\u0628\u0627\u062f\u0644\u0627\u062a \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0645\u0634\u0641\u0631\u0629: \u0623\u0643\u062b\u0631 \u0645\u0646 540 \u0645\u0644\u064a\u0648\u0646 \u064a\u0648\u0631\u0648 \u0643\u063a\u0631\u0627\u0645\u0627\u062a \u0645\u0646\u0630 \u0639\u0627\u0645 2024. \u0625\u0644\u064a\u0643\u0645 \u0643\u064a\u0641 \u064a\u063a\u064a\u0631 \u0627\u0644\u0646\u0638\u0627\u0645 \u0627\u0644\u062c\u062f\u064a\u062f \u0627\u0644\u0627\u0645\u062a\u062b\u0627\u0644 \u0648\u0627\u0644\u0639\u0645\u0644\u064a\u0627\u062a.<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_focuskw":"EU MiCA licensing requirements for crypto exchanges explained","_yoast_wpseo_metadesc":"EU MiCA licensing requirements for crypto exchanges explained: over \u20ac540 million in fines since 2024. Here\u2019s how the new regime transforms compliance and operations.","rank_math_description":"EU MiCA licensing requirements for crypto exchanges explained: over \u20ac540 million in fines since 2024. Here\u2019s how the new regime transforms compliance and operations.","rank_math_focus_keyword":"EU MiCA licensing requirements for crypto exchanges explained","_stn_article_citation":"","_stn_article_about":"","_stn_article_speakable":"","footnotes":""},"categories":[8],"tags":[63],"class_list":["post-1588","post","type-post","status-publish","format-standard","hentry","category-regulation","tag-mica"],"yoast_head":"\n<\/title>\n<meta name=\"description\" content=\"EU MiCA licensing requirements for crypto exchanges explained: over \u20ac540 million in fines since 2024. Here\u2019s how the new regime transforms compliance and operations.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/stnews.live\/ar\/2026\/06\/explanation-eu-mica-licensing-criteria-crypto-exchanges\/\" \/>\n<meta property=\"og:locale\" content=\"ar_AR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u0634\u0631\u062d \u0645\u0639\u0627\u064a\u064a\u0631 \u062a\u0631\u062e\u064a\u0635 MiCA \u0645\u0646 \u0627\u0644\u0627\u062a\u062d\u0627\u062f \u0627\u0644\u0623\u0648\u0631\u0648\u0628\u064a \u0644\u0628\u0648\u0631\u0635\u0627\u062a \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0645\u0634\u0641\u0631\u0629\" \/>\n<meta property=\"og:description\" content=\"EU MiCA licensing requirements for crypto exchanges explained: over \u20ac540 million in fines since 2024. 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