In our latest Global Regulation Tomorrow Plus podcast, Anna Carrier, Nikolai de Koning and Sebastien Praicheux discuss the first milestone of Regulation (EU) 2023/1114 on Markets in Crypto-assets (MiCAR). MiCAR establishes a regime for the regulation and supervision of crypto-asset issuance and crypto asset service provision in the EU. Among the activities within the scope of MiCAR are the activities of offering to the public or seeking admission to trading asset-referenced tokens (ARTs) and electronic money tokens (EMTs) and issuing such tokens (ART/EMT activities). These activities will be subject to, respectively, Title III and Title IV of MiCAR from 30 June 2024. Also, as from 30 June 2024 ARTs and EMTs constitute regulated instruments under MiCAR and therefore from this date consumers benefit from the rights and protections set out in MiCAR. 

Spotify/ Apple

Global Regulation Tomorrow Plus: 30 June 2024 – MiCAR’s first milestone

Contacts

Anna Carrier
Anna Carrier
Senior Government and Regulatory Affairs Advisor
Email
anna.carrier@nortonrosefulbright.com
T: +32 (2) 2376146
Nikolai de Koning
Nikolai de Koning
Counsel
Email
nikolai.dekoning@nortonrosefulbright.com
T: +31 (20) 4629407
Sébastien Praicheux
Sébastien Praicheux
Partner
Email
sebastien.praicheux@nortonrosefulbright.com
T: +33 (1) 56595425
Simon Lovegrove
Simon Lovegrove
Global Director of Financial Services Knowledge, Innovation and Product
Email
simon.lovegrove@nortonrosefulbright.com
T: +44 (20) 74443110