Under the EU’s Markets in Crypto-Assets Regulation (MiCAR) (EU 2023/1114), all crypto-assets offered to the public or admitted to trading must have a corresponding Whitepaper. These documents outline key details such as asset features, risks, rights, and the underlying technology.
As of June 19, 2025, Plume MiCA Whitepaper has been registered with the European Securities and Markets Authority (ESMA) after review by the Dutch Authority for the Financial Markets (AFM), the relevant National Competent Authority (NCA). This makes the Plume token eligible for "admission to trading."
“Admission to Trading” refers to the process which a crypto-asset has to undergo before listing and trading on a regulated Crypto Exchange pursuant to MiCAR. This requires the submission, notification and registration of a Whitepaper via the issuer’s National Competent Authority (NCA), which then notifies ESMA. Only assets that complete this process can be legally offered or traded on regulated platforms within the European Union.