The CASP (Crypto Asset Service Provider) license under the Markets in Crypto-Assets Regulation (MiCA) is designed for entities providing crypto-asset services within the EU. It mandates compliance with strict operational and conduct standards to enhance investor protection and ensure market integrity, allowing firms to operate across member states without additional licensing requirements.

E-money tokens (EMTs) and stablecoins are both types of digital assets designed to maintain a stable value, typically pegged to a fiat currency like the euro or US dollar. E-money tokens are defined under the EU's proposed Markets in Crypto-Assets Regulation (MiCA) and represent a digital form of fiat currency issued by an entity, aiming to facilitate electronic payments. They are regulated to ensure consumer protection and market stability.