Regulatory Alerts2025-02-26
Guidelines on procedures and policies, including client rights, in the context of crypto-asset transfer services under the Markets in Crypto-Assets Regulation (MiCA) regarding investor protection
The European Securities and Markets Authority (ESMA) issues guidelines to ensure consistent application of Article 82 of the MiCA Regulation regarding investor protection in crypto-asset transfer services. These guidelines mandate that crypto-asset service providers establish robust policies and procedures to deliver clear, pre-contractual information, specific transaction details, and transparent fee structures to clients. Additionally, the document outlines requirements for execution timelines, handling of refused or suspended transfers, and provider liability for unauthorized or incorrectly executed transfers.
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