Educational Demo Only — This POC illustrates how software can model MiCA (EU Reg. 2023/1114) requirements. It is not legal advice and does not constitute MiCA compliance certification.

Inside Information Trading Embargo Manager

MiCA Art. 87–90: Manage inside information, enforce trading embargoes, and detect violations

Create Inside Information Entry

Execute Trade (Compliance Check)

Active Inside Information

Pending Major Exchange Listing Announcement

Classification

✓ Inside Information (Art. 87)

Price Effect

high

Assets

BTC, ETH

Embargo Period

6/25/2026 to 6/28/2026

Disclosed

Not yet disclosed

Embargo Summary

Active Embargoes

0

Cleared Embargoes

0

Compliance Status

EXPIRED

All embargoes cleared

Statistics

Inside Information Entries2
Active Embargoes3
Trading Activities3
Violations0

MiCA Compliance Note

Implemented

  • Art. 87 — Inside information classification (precise, non-public, significant price effect)
  • Art. 89 — Trading embargo for persons holding inside information (insider dealing prohibition), lifted on public disclosure (Art. 88(1))
  • Art. 89–90 — Detection of embargo violations and tipping-off patterns (unlawful disclosure)

Out of Scope

  • Art. 92 — Actual reporting to competent authorities of suspicious transactions and orders (STOR)
  • Art. 91 — Market manipulation detection (wash trading, pump-and-dump patterns)
  • Real blockchain data and live price feeds — uses mock data for demonstration

What this POC does not implement

  • ❌ Real-time price feeds — Market prices are mocked; actual implementation requires live exchange feeds
  • ❌ Authority notification workflows — Submitting violations to NCA/ESMA requires authenticated API integration
  • ❌ Message encryption/secure channels — Tipping-off detection assumes system logs; real systems require encrypted communications monitoring
  • ❌ Historical timeline analysis — Production systems must retain 5+ years of transaction history for pattern analysis
  • ❌ Multi-jurisdiction coordination — Complex cross-border cases require NCA-to-NCA coordination outside POC scope