MiCA Tag

1 - Crypto-Asset Service Providers Crypto-asset service providers (CASPs) are companies that help users control, trade or store their crypto-assets. Examples include Luxembourg based Blockchain.com, a virtual cryptocurrency wallet provider responsible for facilitating 28% of global bitcoin transactions, Bitpanda, an Austrian based exchange enabling the purchase...

1. Present Regulatory Environment With the exception of a few European national jurisdictions that have adopted domestic crypto-assets regimes, such as Malta and France, the admission and offering of crypto-assets on European capital markets is subject solely to the listing rules of individual trading platforms. The Markets...

1. Choice of legislative instrument One of the first things to appreciate about the MiCA proposal is that this future legislative document is intended to take the form of a Regulation. Unlike Directives, Regulations are a form of EU law instrument that is directly applicable in...

1. Introduction As mentioned in the introductory part of this series, the Markets in Crypto-Assets (MiCA) proposal is part of the Digital Finance Package, which aims to support digital finance innovation by providing legal certainty for token issuers and related service providers, while simultaneously mitigating the...

1. Digital Finance Package The Markets in Crypto-Assets (MiCA) draft Regulation was released by the European Commission in September 2020. It is part of the Commission’s Digital Finance Package that aims to deliver innovative financial products to EU citizens, while maintaining high levels of investors’ protection...