Regulatory Alerts2025-02-26
Added · Updated
Guidelines on transfer services for crypto-assets under MiCA
These guidelines apply to competent authorities and crypto-asset service providers acting as providers of transfer services for crypto-assets under Article 82 of MiCA, becoming effective 60 calendar days after publication. They require providers to establish policies ensuring clients receive specific pre-contractual information, including charges, execution times, and liability terms, as well as post-execution details such as originator and beneficiary names. Providers must also implement procedures for handling rejected or suspended transfers and determining liability for unauthorized or incorrect transfers, while competent authorities must notify ESMA of their compliance status within two months of publication.
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