MiCAR License

Under MiCAR, it will be practically impossible for crypto service providers from the USA, Switzerland or other third countries to serve European customers without a MiCAR license on the grounds of passive freedom to provide services. What exceptions will remain?

The issuance and public offering of E-Money Tokens will soon only be possible in compliance with MiCAR regulations. What do issuers of E-Money Tokens then have to consider?

Numerous crypto asset service providers from the USA, Asia, Switzerland and the UK are interested in expanding into the EU in order to benefit from the regulatory opportunities offered by MiCAR. What options do they have to approach the move to Europe from a regulatory perspective?

MiCAR will set different requirements for crypto asset service providers when applying for a license. Companies that are already supervised will benefit from simplified procedures.

The Federal Ministry of Finance has drafted a legislation to regulate the transition of crypto asset service providers from national KWG regulation to the MiCAR regime. What should regulated German crypto asset service providers be prepared for?

NFTs are excluded from the scope of MiCAR, which is why NFT-based business models are generally not covered by the regulation. However, there remain borderline cases in which crypto service providers are nevertheless subject to regulatory obligations.

Crypto advisory is a crypto asset service subject to authorization under MiCAR. However, it does not exclusively refer to crypto assets, but also to the recommendation of the use of other crypto asset services.

Investment broking with crypto assets will be subject to licensing under MiCAR starting December 30, 2024. Will the liability umbrella model also exist under MiCAR and what are the requirements of an own MiCAR license?

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?

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.