Regulatory Alerts2024-12-10
Final Report on Guidelines for Crypto-Asset Classification Templates and Standardised Test under MiCAR
The European Supervisory Authorities issued guidelines under Article 97(1) of Regulation (EU) 2023/1114 (MiCAR) to standardize the regulatory classification of crypto-assets. The document mandates the use of specific templates for explanations and legal opinions regarding asset qualification, alongside a standardised test to ensure consistent assessment by market participants and competent authorities. These measures aim to harmonize compliance with MiCAR requirements for asset-referenced tokens, e-money tokens, and other crypto-assets across the European Union.
Share