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Free regulatory assessment

See which EU regulations apply to your project

A 5-agent AI pipeline checks your project against MiCA, MiFID II and PSD2 — and returns a cited, plain-English verdict with your likely licensing path and risk level.

No signup to start report preview is free ~5–10 min
Grounded in EUR‑Lex, ESMA & EBA sources Powered by Claude
Sample result
DeFi lending protocol Example
MiCAAppliesCASP authorisation
MiFID IILikely not
PSD2PartialE-money rules may apply
Risk level: Medium
Report excerpt
Your lending and yield activities qualify as crypto-asset services under MiCA (Art. 3(1)(16)). Pooling client assets for collective return may additionally engage authorisation under Art. 59. MiFID II is unlikely — no transferable securities are involved — while PSD2/EMD2 e-money rules attach if you issue or hold fiat-backed tokens…
Cited: MiCA Art. 59 · Recital 22 · ESMA Q&A 2024
Full report — 8 pages · 12 citations · per-framework analysis, obligations checklist & licensing roadmap
How it works
1 · Describe your project
Answer 5 quick questions or upload a whitepaper / deck.
2 · AI checks the frameworks
5 agents cross-reference MiCA, MiFID II and PSD2 with citations.
3 · Get a cited report
Verdict per framework, risk level and likely licensing path.
Common questions
Is it free?
Yes — running the assessment and previewing your result costs nothing. The full downloadable report is paid.
How long does it take?
About 5–10 minutes to answer, then a couple of minutes for the AI analysis.
Do I need to share confidential documents?
No. The questionnaire needs no upload and no signup to start — a document is optional if you'd rather.
How accurate is it?
Every finding is grounded in the actual regulation text with citations. It's a strong first read — not a substitute for formal legal advice.
No signup to start · report preview is free · ~5–10 min
Step 1
All frameworks
How would you like to start?
Answer 5 quick questions, or upload a document — both produce the same depth of analysis.
Upload Document
Whitepaper, pitch deck, technical paper, or any project description document
Fill Questionnaire
Answer 5 structured questions about your project step by step
Drop your document here or click to browse
We extract all relevant information automatically
PDF · DOCX · TXT · PNG · JPG · Up to 5 files · Max 10MB each
You'll answer 5 short questions covering: project type, activities, token rights, legal structure, and a free-text description. Takes about 5–10 minutes.
Question 1 of 5
All frameworks
What best describes your project?
This determines which regulatory frameworks are most relevant to analyse.
Crypto exchange or trading platform
CEX, DEX, OTC desk, or trading infrastructure
Token issuer or crypto-asset project
Issuing, launching or distributing a digital token or crypto-asset
DeFi protocol or yield product
Lending, staking, yield aggregation, liquidity pools, vaults
Payment service or crypto wallet
Processing payments, holding funds, stablecoin transactions
NFT platform or blockchain gaming
Minting, selling, or trading non-fungible tokens
Other / not sure
I'll describe it in detail at the end
Question 2 of 5
MiCAMiFID IIPSD2
Which activities does your project carry out?
Select all that apply — include activities performed by partners on your behalf.
Crypto-asset activities
✓
Custody or safekeeping of crypto-assets on behalf of users
✓
Exchange of crypto for fiat currency or other crypto-assets
✓
Executing or routing orders on behalf of users
✓
Issuance of a token or crypto-asset
✓
Pooling client assets and investing them collectively
Vault tokens, yield aggregators, liquid staking, index tokens
✓
Portfolio management or investment advice for crypto
✓
Transfer of crypto-assets on behalf of clients
Moving crypto between addresses for users — distinct from custody or exchange
✓
Placing / distributing crypto-assets on behalf of an issuer
Launchpad, IDO platform, token sale agent, underwriting
Payment & fiat activities
✓
Receiving, holding or sending fiat on behalf of users
✓
Issuing or transacting e-money tokens (stablecoins)
USDC, USDT, EURC, or your own stablecoin
Financial instruments
✓
Tokenised securities, bonds or equity
✓
Derivatives, futures, perpetuals or structured products
✓
None of the above — purely technical or informational
Question 3 of 5
MiCAMiFID II
What rights or features does your token give holders?
Be as precise as possible — this is the single most important question for regulatory classification. If you are unsure about any item, select it.
✓
Access to a service or product
Token needed to use the platform
✓
Automatic yield or staking rewards
Auto-accrual, rebasing, fee distributions
✓
Share of a managed pool
Vault token, LP token, index token
✓
Stable value — single currency
EUR/USD peg — likely EMT under MiCA
✓
Stable value — basket
Multi-asset reference — likely ART
✓
Profit sharing or dividends
Share of fees, revenues, or profits
✓
Governance or voting rights
Protocol parameters, treasury, fees
✓
Unique / non-fungible (NFT)
Each token is distinct
✓
Free airdrop — no consideration
Zero conditions, zero payment
✓
Speculative / price appreciation
Primary value is price growth
✓
No token involved
Pure service, no digital asset
✓
Redemption right at par
Holder can redeem 1:1 against reference currency at any time — key EMT indicator
✓
Backed by real-world assets (non-fiat)
Commodities, crypto-assets, or mixed basket — key ART indicator
✓
Freely transferable on secondary markets
Intended or already listed for secondary trading
✓
Issued in exchange for funds or crypto-assets
Any consideration paid at issuance — defeats free airdrop exemption
Question 4 of 5
All frameworks
Legal structure & project stage
These affect which authorisations are available and which NCAs are competent.
Legal entity
EU-incorporated company
GmbH, SAS, Ltd., BV, OÜ or equivalent
Non-EU company
Cayman, BVI, US, UAE, UK or other third country
Not yet incorporated
DAO or fully decentralised — no traditional entity
Already holds a financial services licence
MiFID II firm, PI, EMI, credit institution
Project stage
Idea / concept stage
In development — not yet live
Operating in EU before December 2024
May qualify for Article 143(3) MiCA grandfathering
Operating in EU after December 2024
Full MiCA obligations apply immediately
Question 5 of 5
All frameworks
Describe your project in your own words
Add anything the questions didn't capture — token mechanics, partner arrangements, planned offers, or legally relevant details. The more specific, the better the analysis.
Analysing your project
5 AI legal agents are working through MiCA, MiFID II, PSD2, and AIFMD with the actual law text loaded into context.
Intake Validator
Input reviewed
✓ Done
Fact Extractor
Building canonical fact record…
Regulatory Specialist
MiFID II → MiCA → PSD2 → AIFMD
Waiting
Adversarial Challenger
Quality review · error detection
Waiting
Report Compiler
Applying corrections · generating report
Waiting
Estimated time: ~10–15 minutes
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A few quick clarifications
The AI found some gaps that would affect the accuracy of the analysis. Please answer these specific questions before we continue.
Not enough information to proceed
The uploaded document does not contain enough detail for a meaningful regulatory analysis.
To run the assessment, we need at least:
  • A description of what the project does
  • Information about the activities it performs
  • Details about any tokens or digital assets involved
Your report may be incomplete
You haven't answered some of the most important questions. Without these, the analysis rests on assumptions and the report may be inaccurate or incomplete — key conclusions could change once these facts are known.
Still unanswered:
    You can continue anyway and we'll generate the report with the information provided so far, clearly flagging what could not be confirmed — or go back and answer the questions for a more reliable assessment.
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