Managing the overlapping timelines of MiCA and DAC8 is a critical project management challenge for CASPs. This article provides a consolidated compliance calendar.
Key MiCA Dates
MiCA's phased implementation included stablecoin provisions effective from June 30, 2024, full application of all MiCA provisions from December 30, 2024, and transitional periods for existing CASPs varying by Member State, typically extending 12 to 18 months.
Key DAC8 Dates
DAC8's timeline includes Member State transposition by December 31, 2025, operational start on January 1, 2026, first reporting period covering calendar year 2026, and first reports due by Member State deadlines in early 2027.
Overlapping Preparation Period
The critical overlap period is 2025-2026, when CASPs must simultaneously complete MiCA authorization applications, build DAC8 compliance infrastructure, implement unified onboarding and data collection processes, and train staff on both sets of obligations.
Resource Planning
CASPs should ensure that their compliance budget and staffing plans account for the dual demands of MiCA and DAC8. Attempting to implement both frameworks with insufficient resources risks delays and compliance gaps in both areas.
Conclusion
The MiCA-DAC8 compliance calendar requires careful coordination. CASPs should build integrated project plans that address both frameworks' milestones and allocate sufficient resources to meet all deadlines.
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