What Are the Reporting Obligations for CASPs under MiCA regarding Suspicious Transactions?

Under MiCA, Crypto-Asset Service Providers (CASPs) are required to establish and maintain effective arrangements and procedures for the detection and reporting of market abuse, including front-running. They must report any suspicious orders or transactions, known as Suspicious Transaction and Order Reports (STORs), to the relevant national competent authority without delay.

This mandatory reporting mechanism is a core component of MiCA's market integrity framework.