Crypto Asset
Crypto asset is the Market in Crypto-asset Regulation’s (MiCA’s) preferred term over the Financial Action Task Force’s (FATF’s) “virtual asset”.
According to Article 3 of MiCA, a crypto asset refers to a “digital representation of a value or of a right that is able to be transferred and stored electronically using distributed ledger technology or similar technology.”
Examples of crypto assets*, per MiCA include:
*crypto assets previously defined / covered in Articles 2 and 4 do not fall into this category; moreover, MiCA has redefined stablecoins, this term is no longer applicable to the European Union.
Jurisdiction-dependent, a crypto asset can also be known as a digital asset, with the DTIF favouring digital token.