ESMA has published a new MiCA Q&A on pre-funding clients’ orders with clients’ crypto-assets. CASPs should assess whether their execution, custody, and internal control procedures need updating under MiCA....
ESMA heeft een nieuwe MiCA Q&A gepubliceerd over de reikwijdte van het begrip handelsplatform voor crypto-assets in artikel 78(5) MiCA. Dat is vooral relevant voor CASP’s die cliëntenorders buiten een handelsplatform uitvoeren of hun execution-model daarop hebben ingericht....
ESMA has published a new MiCA Q&A on the shared order book model. For management teams, the key issue is not only legal interpretation, but also what this means for platform design, governance, and growth strategy under MiCA....
ESMA has published a new MiCA Q&A on proprietary trading under MiCA. For CASPs, the key issue is whether internal trading activity remains purely proprietary or may fall within a regulated MiCA service in practice....