Overview bitcoin november
The reception and transmission of orders for crypto-assets on behalf of third parties and.The execution of orders in crypto-assets on behalf of third parties placing crypto-assets.The exchange of crypto-assets for other crypto-assets.The exchange of crypto-assets for fiat currency that is a legal tender.The operation of trading platforms for crypto-assets.The custody and administration of crypto-assets on behalf of third parties.This includes providers of one of eight types of services in crypto-assets as defined in MiCA and including: This article is relevant to providers of services in crypto-assets that are not financial instruments within the meaning of the revised Markets in Financial Instruments Directive (MiFID II).
This article focuses on the provision of services in crypto-assets.
Overview bitcoin november series#
In this briefing series we aim to provide a comprehensive overview of the proposed rules as intended to apply to various categories of participants in the crypto-asset markets. The draft legislation provides a set of prescriptive rules that, once formally adopted, will shape conduct of business in European markets in crypto-assets. MiCA is the first European-level legislative initiative aiming to introduce a harmonized and comprehensive framework for the issuance, application and provision of services in crypto-assets. One of the legislative proposals published included a draft regulation on markets in crypto-assets ( MiCA). On Septemthe European Commission published its long-anticipated Digital Finance package, comprising legislative proposals and non-legislative communications.