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MiCA regulation (Regulation (EU) 2023/1114) sets requirements for persons who issue crypto assets tokens, and for persons who provide services with such tokens (abb CASP, older abb VASP). The idea is to regulate persons, specifically, to put rules on their capital, procedures, governance, and how they deal with their clients (market conduct rules)...

Honesty is the best policy, but to make it work one needs the regulation. MiCA is going to do that in crypto assets’ market. MiCA’s development is coming to an end with so-called Level 2 products forming the full crypto regime. I’d like to share some thoughts on few topics, in particular, the distinction between crypto asset and financial instrumen..

Aligned with the European Commission’s vision, MiCA not only introduces necessary restrictions to the crypto-asset market but also unlocks new opportunities. Let’s be honest—the regulation of crypto-assets market was necessary and long overdue. But with MiCA, new opportunities exist, such as innovative financing opportunities. The article is coming..

The concept of a public offer under the EU regulatory framework is often considered vague and open to interpretation. In addition, MiCA introduces additional specificities regarding public offerings. The purpose of this article is to clarify the concept of public offering under MiCA, while highlighting the opportunities available to offerors. Most ..

MiCA has two key objectives, one of which is to enhance the protection of individual investors. While individuals are granted certain level of protection, it might be an overstatement to say they are fully protected. For instance, the right of withdrawal (a 14-day cancellation period) may or may not apply, depending on how the issuer structures tha..

The purpose of ESMA’s Q&A is to provide interpretations of regulatory requirements. However, let’s be honest—reading these answer from the outside doesn’t always bring more clarity due to their complex drafting. Let’s take a closer look at each one available and translate it into plain language. The article is coming soon ..