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MICAR Transition Without National Framework Legislation – What Happens if the German Parliament Does Not Pass the KMAG by the End of the Year?
The German government has broken up. But what does this mean for the long-delayed adoption of the accompanying legislation for the MiCAR transition and which legal framework will the German crypto industry operate within as of 30 December 2024?
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Market Abuse and Insider Trading in Crypto Assets – Who Will be Affected By the New MiCAR Rules?
In a few months, all MiCAR provisions will be legally effective. This also includes the new rules on the prevention and prohibition of market abuse and insider trading. But which market participants must comply with the new strict obligations?
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Crypto Service Providers in the DeFi Space – Is Money Laundering Regulation a Dealbreaker for an Engagement in Decentralized Finance?
Increasingly, regulated crypto asset service providers are also interested in DeFi business models. This should be helpful for the adoption of DeFi, but can crypto asset service providers legally conduct transactions in DeFi?
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Europe goes Crypto (Part XIV) – When is a MiCAR License Required for the Placement of Crypto Assets?
The placement of crypto assets for crypto asset service providers will be a regulated business activity under MiCAR. But what is the specific activity behind this crypto service?
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Europe goes Crypto (Part XIII) – MiCAR License for Order Execution on Crypto Assets
In the future, anyone wishing to execute orders for crypto assets for clients in the EU will require a MiCAR license to do so. However, MiCAR provides for further regulatory obligations for crypto service providers in addition to the licensing requirement.
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Crypto Assets and Money Laundering – New Version of the Travel of Crypto Assets Regulation Has Come into Force
The German Federal Ministry of Finance changed the national Travel of Crypto Assets Regulation on May 27, 2023. However, crypto service providers can still benefit from an exemption until the new EU Travel of Funds regulation comes into force.
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Europe goes Crypto (Part XII) – The Exchange of Crypto Assets Under MiCAR
Under MiCAR, crypto exchange providers will be subject to a licensing requirement and special compliance obligations. What exactly will crypto service providers have to consider when exchanging crypto assets for other crypto assets or for fiat money?
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Europe goes Crypto (Part VIII) – The Capitalization of Crypto Asset Service Providers under MiCAR
Under MiCAR, crypto asset service providers, like all regulated entities, will be required to hold a minimum amount of regulatory capital to back up their operations. How will this specific amount be calculated under MiCAR?
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Europe goes Crypto (Part VII) – The Compliance of Crypto Asset Service Providers According to MiCAR
Under the regulatory regime of MiCAR, crypto asset service providers will also need to establish a sophisticated crypto compliance. What duties will crypto asset service provider compliance include under MiCAR?
