The European Securities and Markets Authority (“ESMA”) has published the first final report of the Draft Technical Standards specifying certain requirements of the Markets in Crypto Assets Regulation (“MiCA”).

The drafted technical standards follow the receipt of feedback as part of the consultation process, and includes proposals on:

  • Information required for the authorisation of CASPs;
  • The information required where financial entities notify their intent to provide crypto-asset services;
  • Information required for the assessment of intended acquisition of a qualifying holding in a CASP;
  • How CASPs should handle complaints.

The Final Report has been submitted to the European Commission (“EC”), and if requested by the EC, the ESMA will provide further advice and technical guidance in this area.

As regulatory regimes tailored to the unique landscape of cryptocurrency develop around the world, Plenitude’s Digital Assets Practice can help you understand their implications for your project and design a compliance framework that meets applicable requirements. Visit our website for more information.

Share with: