Regulatory Alerts2025-04-30
Added · Updated
CSSF Circular 25/888: Application of ESMA Guidelines on Investor Protection for Crypto-Asset Transfer Services under MiCA
The CSSF applies ESMA Guidelines (ESMA35-1872330276-2032) regarding procedures, policies, and client rights for crypto-asset transfer services under MiCA, effective 27 April 2025. This circular requires crypto-asset service providers acting as transfer service providers on behalf of clients to integrate these guidelines into their administrative practices and regulatory approach. The guidelines mandate specific policies for pre-contractual information disclosure, individual transfer notifications, execution times, and liability conditions for unauthorized or incorrect transfers.