CASP Execution-Only Order Service
Compliance framework for Art. 78 & 80 (MiCA EU 2023/1114)
Total Orders
2
Compliance Rate
50%
Avg Deviation
0.65%
Risk Level
HIGH
Client Registration
Alice Johnson
DE • natural_person
Submit Order (Art. 80)
Execution Quality (Art. 78 · POC policy thresholds)
Compliant Orders
1 of 2 (≤0.5% deviation)
Warning Orders
1 of 2 (0.5-2% deviation)
Breach Orders
0 of 2 (>2% deviation)
Recommendations
- •Compliance rate below 95%. Review execution processes and market conditions.
Order History & Compliance Records (Art. 68(9))
| Client | Asset | Type | Executed | Deviation | Status |
|---|---|---|---|---|---|
| Alice Johnson | BTC | BUY | €50150.00 | 0.30% | |
| Alice Johnson | ETH | SELL | €2950.00 | 1.00% |
MiCA Compliance Note
Implemented: Art. 80 — Reception and transmission of orders for crypto-assets. All orders are recorded with client ID, timestamp, and order details for regulatory record-keeping.
Implemented: Art. 78 — Execution of orders for crypto-assets on behalf of clients. Best execution quality is monitored through price deviation tracking against reference market prices.
Out of scope: Art. 81 (Suitability assessment) — Execution-only services do not require suitability assessments or investment objectives profiling.
Out of scope: Art. 70 & 75 (Safekeeping and custody) — This POC does not model asset safeguarding. Real CASPs must segregate client assets per Art. 70.
What this POC does not implement
- ❌ Blockchain order execution — Real blockchain integration required. This demo tracks orders in-memory only.
- ❌ Client fund settlement — Actual transfer of client fiat/crypto assets not modeled.
- ❌ NCA compliance reporting — Reporting to National Competent Authorities not included.
- ❌ KYC/AML verification — Real identity verification and sanctioning checks not performed (AML/CFT rules, outside MiCA).
- ❌ Audit trail signing — Cryptographic proof of record integrity not implemented.