{"id":20693,"date":"2018-11-12T16:14:14","date_gmt":"2018-11-12T15:14:14","guid":{"rendered":"https:\/\/test.watsonlaw.nl\/expertises\/crypto-2\/crypto-2-2\/issuingcrypto-2\/"},"modified":"2026-06-11T15:46:48","modified_gmt":"2026-06-11T13:46:48","slug":"implementingmeasures-2","status":"publish","type":"page","link":"https:\/\/watsonlaw.nl\/en\/fintech\/crypto\/implementingmeasures-2\/","title":{"rendered":"Level 2 and Level 3 measures"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row css_animation=&#8221;&#8221; row_type=&#8221;row&#8221; use_row_as_full_screen_section=&#8221;no&#8221; type=&#8221;grid&#8221; angled_section=&#8221;no&#8221; text_align=&#8221;left&#8221; background_image_as_pattern=&#8221;without_pattern&#8221; padding_top=&#8221;30&#8243; padding_bottom=&#8221;20&#8243; z_index=&#8221;&#8221;][vc_column width=&#8221;1\/4&#8243;][vc_column_text]<\/p>\n<p class=\"quotetekst\">New technologies demand new insights.<\/p>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;30px&#8221;][vc_widget_sidebar sidebar_id=&#8221;Sidebar Fintech&#8221; el_class=&#8221;sidebar-menu-unified&#8221;][vc_empty_space height=&#8221;30px&#8221;][vc_column_text css=&#8221;.vc_custom_1781180153269{padding-top: 15px !important;padding-right: 20px !important;padding-bottom: 15px !important;padding-left: 20px !important;background-color: #ededed !important;}&#8221;]<\/p>\n<h2>Track record<span style=\"color: #00c6da;\">.<\/span><\/h2>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<p data-start=\"0\" data-end=\"53\">Advised on 10+ MiCA licensing processes with the AFM.<\/p>\n<\/li>\n<li>\n<p data-start=\"0\" data-end=\"53\">Established and structured 50+ crypto businesses.<\/p>\n<\/li>\n<li>\n<p data-start=\"0\" data-end=\"53\">Advised 25+ directors on AFM or DNB fit and proper assessments.<\/p>\n<\/li>\n<li>\n<p data-start=\"0\" data-end=\"53\">Set the standard for asset segregation by CASPs.<\/p>\n<\/li>\n<\/ul>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;30px&#8221;][vc_single_image image=&#8221;19131&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221; onclick=&#8221;custom_link&#8221; qode_css_animation=&#8221;element_from_right&#8221; link=&#8221;https:\/\/watsonlaw.nl\/en\/watsonlaw-crypto-team-wins-the-bcnl-community-award-2022\/&#8221; transition_delay=&#8221;0.5&#8243;][vc_empty_space height=&#8221;30px&#8221;][\/vc_column][vc_column width=&#8221;3\/4&#8243;][vc_column_text css=&#8221;&#8221;]<\/p>\n<h2><span style=\"color: #00c6da; font-size: 24pt;\">Here&#8217;s our point of view: <\/span><br \/>\n<span style=\"font-size: 24pt;\">We can help you prepare for what the future holds for your business<span style=\"color: #00c6da;\">.<\/span><\/span><\/h2>\n<p>MiCA is not limited to the regulation itself. A substantial part of the regulatory framework is set out in Level 2 and Level 3 measures, including Regulatory Technical Standards (RTS), Implementing Technical Standards (ITS), and guidelines and Q&amp;As issued by various supervisory authorities.<\/p>\n<p>These measures provide the operational detail behind MiCA&#8217;s core requirements. They cover, among other things, governance, internal controls, complaints handling, conflicts of interest, record-keeping, transfer services, market abuse, prudential requirements and the content of license applications and white papers.<\/p>\n<p>The regulatory landscape is still developing. New measures are adopted, finalised or updated on an ongoing basis. Keeping track of the full framework can therefore be challenging in practice.<\/p>\n<p>To support clients and other market participants, we have developed the tracker below. This tracker provides a structured and up-to-date overview of all relevant Level 2 and Level 3 measures under MiCA.[\/vc_column_text][vc_column_text css=&#8221;&#8221;]<p>No CSV URL provided.<\/p>[\/vc_column_text][vc_empty_space height=&#8221;80px&#8221;][vc_column_text css=&#8221;&#8221;]<\/p>\n<h2>Contact us<span style=\"color: #00c6da;\">.<\/span><\/h2>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;20px&#8221;][vc_separator type=&#8221;normal&#8221; color=&#8221;#00c6da&#8221; thickness=&#8221;1&#8243; up=&#8221;10&#8243; down=&#8221;10&#8243;][vc_column_text css=&#8221;&#8221;]Are you launching a crypto or blockchain-related project, assessing the regulatory treatment of a product or service, or looking for legal advice on a more complex digital finance matter?<\/p>\n<p>&nbsp;<\/p>\n<p>Watsonlaw advises on a broad range of crypto- and blockchain-related legal issues, including MiCA, stablecoins, payment services and e-money, investment funds investing in crypto-assets, tokenisation of financial instruments, DeFi-related structures and other innovative business models.<\/p>\n<p>&nbsp;<\/p>\n<p>We are happy to assist with the legal qualification of your activities, the structuring of your product or service, the applicable legal framework and the next steps for your business or project.<\/p>\n<p>&nbsp;<\/p>\n<p>Would you like to know more? Please contact <a href=\"mailto:w.smits@watsonlaw.nl\">Willem-Jan Smits<\/a> or <a href=\"mailto:r.kattenbelt@watsonlaw.nl\">Rens Kattenbelt<\/a>.[\/vc_column_text][\/vc_column][\/vc_row][vc_row css_animation=&#8221;&#8221; row_type=&#8221;row&#8221; use_row_as_full_screen_section=&#8221;no&#8221; type=&#8221;grid&#8221; angled_section=&#8221;no&#8221; text_align=&#8221;left&#8221; background_image_as_pattern=&#8221;without_pattern&#8221; row_negative_margin=&#8221;disable_negative_margin&#8221; z_index=&#8221;&#8221; padding_top=&#8221;80&#8243; padding_bottom=&#8221;80&#8243;][vc_column][vc_row_inner row_type=&#8221;row&#8221; type=&#8221;full_width&#8221; text_align=&#8221;left&#8221; row_negative_margin=&#8221;disable_negative_margin&#8221; css_animation=&#8221;&#8221; background_color=&#8221;#00c6da&#8221;][vc_column_inner width=&#8221;1\/3&#8243;][vc_single_image image=&#8221;18631&#8243; img_size=&#8221;full&#8221; onclick=&#8221;custom_link&#8221; img_link_target=&#8221;_blank&#8221; css=&#8221;.vc_custom_1649166327210{margin-top: -30px !important;margin-bottom: -30px !important;}&#8221; qode_css_animation=&#8221;element_from_right&#8221; link=&#8221;https:\/\/watsonlaw.nl\/wp-content\/uploads\/2022\/04\/Watsonlaw_Whitepaper_MiCA.pdf%22][\/vc_column_inner][vc_column_inner width=&#8221;2\/3&#8243;][vc_empty_space height=&#8221;20px&#8221;][vc_column_text]<\/p>\n<h2>Download the MiCA Whitepaper<span style=\"color: #ffffff;\">.<\/span><\/h2>\n<p>The draft Markets in Crypto-Assets (MiCA) Regulation was released by the European\u00a0Commission in September 2020. As with most markets-focused regulations, one of MiCA\u2019s priorities is to limit the potential risks to the consumer. But the EC\u2019s proposal also aims to address certain issues that it sees as hindering the EU crypto-asset sector. In the MiCA Whitepaper we therefore extensively discuss various topics that may be important for issuers and crypto service providers.[\/vc_column_text][vc_empty_space height=&#8221;20px&#8221;]<a  itemprop=\"url\" href=\"https:\/\/watsonlaw.nl\/wp-content\/uploads\/2022\/04\/Watsonlaw_Whitepaper_MiCA.pdf\" target=\"_blank\" data-hover-background-color=\"#0e225b\" data-hover-border-color=\"#0e225b\" data-hover-color=\"#00c6da\" class=\"qbutton  medium default\" style=\"color: #ffffff; border-color: #0e225b; background-color:#0e225b;\">Download<\/a>[vc_empty_space height=&#8221;20px&#8221;][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row css_animation=&#8221;&#8221; row_type=&#8221;row&#8221; use_row_as_full_screen_section=&#8221;no&#8221; type=&#8221;grid&#8221; angled_section=&#8221;no&#8221; text_align=&#8221;left&#8221; background_image_as_pattern=&#8221;without_pattern&#8221; z_index=&#8221;&#8221; padding_top=&#8221;30&#8243; padding_bottom=&#8221;100&#8243;][vc_column width=&#8221;1\/4&#8243;][\/vc_column][vc_column width=&#8221;3\/4&#8243;][vc_column_text]<\/p>\n<h2>Client experiences<span style=\"color: #00c6da;\">.<\/span><\/h2>\n<p>[\/vc_column_text]<div class='testimonials_c_holder clearfix dark'><div class=\"testimonials_c testimonials_c_carousel\" data-show-navigation=\"yes\" data-animation-speed=\"\" data-auto-rotate-slides=\"5\" data-number-per-slide=\"1\"><ul class=\"slides\"><li id=\"testimonials-c-16607\" class=\"testimonial_content\"><div class=\"testimonial_content_inner\"><div class=\"testimonial_text_holder\"><div class=\"testimonial_text_inner\" style=\"color: #000000;\"><p style=\"font-size:18px;color:#000000\">\u201cIt is common to be spinning many plates when establishing a start-up. What I consider most important from a collaboration with a lawyer is: reassurance. So that I can sleep at night. And that is what I got.\u201d<\/p><p class=\"testimonial_author\" style=\"color: #000000;color: #00c6da;font-size: 16px;\">Start-up entrepreneur<\/p><\/div><\/div><\/div><\/li><li id=\"testimonials-c-16606\" class=\"testimonial_content\"><div class=\"testimonial_content_inner\"><div class=\"testimonial_text_holder\"><div class=\"testimonial_text_inner\" style=\"color: #000000;\"><p style=\"font-size:18px;color:#000000\">\u201cThey really dare to take steps. This often concerns untapped subject matter. You can count on them taking a position that can later be defended\u201d<\/p><p class=\"testimonial_author\" style=\"color: #000000;color: #00c6da;font-size: 16px;\">Tech sector consultant<\/p><\/div><\/div><\/div><\/li><li id=\"testimonials-c-16605\" class=\"testimonial_content\"><div class=\"testimonial_content_inner\"><div class=\"testimonial_text_holder\"><div class=\"testimonial_text_inner\" style=\"color: #000000;\"><p style=\"font-size:18px;color:#000000\">\u201cThey are very proactive, and they are pre-emptive when it counts, they radiate this. They are on point. We see things the same way: transparent, direct, know what to expect from each other, we both want to build something. They are so much more than lawyers. And if they don\u2019t know something, they do their homework. They are terrific at that.\u201d<\/p><p class=\"testimonial_author\" style=\"color: #000000;color: #00c6da;font-size: 16px;\">Crypto company entrepreneur<\/p><\/div><\/div><\/div><\/li><li id=\"testimonials-c-16602\" class=\"testimonial_content\"><div class=\"testimonial_content_inner\"><div class=\"testimonial_text_holder\"><div class=\"testimonial_text_inner\" style=\"color: #000000;\"><p style=\"font-size:18px;color:#000000\">\"Watsonlaw has truly contributed to the growth of our company. This is where the greatest added value lies. They give tangible advice and tell me what the best step is. That is exactly what I am looking for in a lawyer\u201d<\/p><p class=\"testimonial_author\" style=\"color: #000000;color: #00c6da;font-size: 16px;\">Crypto company entrepreneur<\/p><\/div><\/div><\/div><\/li><\/ul><\/div><\/div>[\/vc_column][\/vc_row][vc_row css_animation=&#8221;&#8221; row_type=&#8221;row&#8221; use_row_as_full_screen_section=&#8221;yes&#8221; type=&#8221;grid&#8221; angled_section=&#8221;no&#8221; text_align=&#8221;left&#8221; background_image_as_pattern=&#8221;without_pattern&#8221; row_negative_margin=&#8221;disable_negative_margin&#8221; background_color=&#8221;#f2f2f2&#8243; z_index=&#8221;&#8221;][vc_column]<div class=\"container_inner\"><div class=\"call_to_action normal\" style=\"background-color: #f2f2f2;\"><div class=\"two_columns_75_25 clearfix\"><div class=\"text_wrapper column1\"><div class=\"call_to_action_text \" style=\"\"><span style=\"color: #0e225b\">Would you like to receive our crypto newsletter? Sign up now.<\/span><\/div><\/div><div class=\"button_wrapper column2\"><a itemprop=\"url\" href=\"http:\/\/eepurl.com\/htx6Mf\" class=\"qbutton white \" target=\"\" style=\"border-color: #00c6da;background-color:#00c6da;\" data-hover-background-color=#2b9fb3 data-hover-border-color=#2b9fb3 >Sign up to crypto newsletter<\/a><\/div><\/div><\/div><\/div>[\/vc_column][\/vc_row][vc_row css_animation=&#8221;&#8221; row_type=&#8221;row&#8221; use_row_as_full_screen_section=&#8221;no&#8221; type=&#8221;full_width&#8221; angled_section=&#8221;no&#8221; text_align=&#8221;left&#8221; background_image_as_pattern=&#8221;without_pattern&#8221;][vc_column width=&#8221;1\/4&#8243;][\/vc_column][vc_column width=&#8221;3\/4&#8243;][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row css_animation=&#8221;&#8221; row_type=&#8221;row&#8221; use_row_as_full_screen_section=&#8221;no&#8221; type=&#8221;grid&#8221; angled_section=&#8221;no&#8221; text_align=&#8221;left&#8221; background_image_as_pattern=&#8221;without_pattern&#8221; padding_top=&#8221;30&#8243; padding_bottom=&#8221;20&#8243; z_index=&#8221;&#8221;][vc_column width=&#8221;1\/4&#8243;][vc_column_text] New technologies demand new insights. [\/vc_column_text][vc_empty_space height=&#8221;30px&#8221;][vc_widget_sidebar sidebar_id=&#8221;Sidebar Fintech&#8221; el_class=&#8221;sidebar-menu-unified&#8221;][vc_empty_space height=&#8221;30px&#8221;][vc_column_text css=&#8221;.vc_custom_1781180153269{padding-top: 15px !important;padding-right: 20px !important;padding-bottom: 15px !important;padding-left: 20px !important;background-color: #ededed !important;}&#8221;] Track record. &nbsp; Advised on 10+ MiCA licensing processes with the&#8230;<\/p>\n","protected":false},"author":11,"featured_media":0,"parent":20955,"menu_order":4,"comment_status":"closed","ping_status":"closed","template":"full_width.php","meta":{"footnotes":""},"class_list":["post-20693","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Level 2 and Level 3 measures - Watsonlaw<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/watsonlaw.nl\/en\/fintech\/crypto\/implementingmeasures-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Level 2 and Level 3 measures - Watsonlaw\" \/>\n<meta property=\"og:description\" content=\"[vc_row css_animation=&#8221;&#8221; row_type=&#8221;row&#8221; use_row_as_full_screen_section=&#8221;no&#8221; type=&#8221;grid&#8221; angled_section=&#8221;no&#8221; text_align=&#8221;left&#8221; background_image_as_pattern=&#8221;without_pattern&#8221; padding_top=&#8221;30&#8243; padding_bottom=&#8221;20&#8243; z_index=&#8221;&#8221;][vc_column width=&#8221;1\/4&#8243;][vc_column_text] New technologies demand new insights. 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