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....
Amsterdam, Netherlands – Watsonlaw is proud to announce that it has successfully assisted Acheron in obtaining a Markets in Crypto-Assets (MiCA) license from the Netherlands Authority for the Financial Markets (AFM). This achievement marks a significant milestone—not only is it the 5th MiCA license granted...
Following the entry into force of the Markets in Crypto-assets Regulation (MiCA), on 14 July 2023 the Dutch legislator has started a consultation on the proposal for the MiCA implementation act (Uitvoeringswet verordening cryptoactiva, the Implementation Act) and it’s explanatory memorandum (memorie van toelichting). Under...
In everyday parlance it is often said that transactions executed with blockchain technology are ‘anonymous’. But how anonymous is data ‘on the blockchain’ really? What we call anonymous in everyday life can, according to the definitions from privacy legislation, be filled with personal data. And...
1. Introduction After reaching a provisional political agreement on the final text on 30 June 2022, the Markets in Crypto-assets Regulation (MiCA) was formally voted on and adopted in the plenary of the European Parliament on 20 April 2023. Subsequently, MiCA was formally signed into law...
Digitalisering in het betalingsverkeer heeft voor een ongekende dynamiek gezorgd. Contant geld wordt steeds minder gebruikt en de coronacrisis heeft dit een extra duwtje in de rug gegeven. Deze ontwikkelingen en het toenemende aantal nieuwe digitale activa dat op de markt is gekomen, deden de...
1. Introduction: Establishing the Anti-Money Laundering Authority (AMLA) has been referred to as the centrepiece of the new Anti-Money Laundering (AML) package by the EU Commission. Broadly speaking, it will promote cooperation and convergence of AML and Countering the Financing of Terrorism (CFT) practices across the...