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Asset Investment Under MiCAR – Is a Securities Prospectus or Crypto Whitepaper Needed for the Public Offering?
Asset investments under the German Asset Investment Act are not considered financial instruments under MiFID2 because they are based on national regulation. Can they therefore be subject to both German regulation as an asset investment and MiCAR regulation and what are the implications of this?
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The MiCAR Crypto Asset Whitepaper – Can the Obligation to Create also Affect the Operator of a Trading Platform?
On December 30 of this year, MiCAR comes into force in its entirety and with it the regulations on crypto asset whitepapers. Under what circumstances may the operators of trading platforms be obliged to produce such a MiCAR whitepaper?
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The Stable Coin in Europe – Who Can Issue Asset-Referenced Tokens (ART) Under MiCAR?
From June 30, 2024, the public offering of stable coins in the EU will be strictly regulated. What requirements does MiCAR actually place on issuers and providers of ART?
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Asset Referenced Token – What Exactly Are ART Under MiCAR?
The regulations on Asset-Referenced Tokens of MiCAR will be applicable in less than six months’ time. By then at the latest, there must be clarity as to which tokens should fall under the regulations. It is still unclear when exactly a token is aimed at value stability.
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The MiCAR Whitepaper (Part VII) – How Does the German Legislator Intend to Implement the Draft Financial Market Digitization Act?
According to the draft legislation on the Financial Market Digitization Act, the Crypto Markets Supervision Act is to be an independent accompanying law to MiCAR. What regulations does it contain in relation to MiCAR whitepapers?
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The MiCAR Whitepaper (Part V) – Which Publication Obligations and Subsequent Obligations Apply to the Crypto Whitepaper?
MiCAR whitepapers must be published on the issuer’s website. If new price-relevant facts arise after the publication of the MiCAR whitepaper, the whitepaper must be updated.
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The MiCAR Whitepaper (Part IV) – How to market a Crypto Whitepaper?
Within the scope of MiCAR, the content of marketing communications must be consistent with the information in a whitepaper. Marketing communications must be published in accordance with MiCAR requirements and provided to regulators upon request.
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The MiCAR Whitepaper (Part II) – What Needs to Be in the Whitepaper for Asset-Referenced Tokens?
In the scope of MiCAR, a whitepaper must be prepared for a public offering of asset-referenced tokens or their admission to trading. MiCAR already includes detailed information about its content. Even more specific information on the concrete structure will follow with the publication of ESMA’s regulatory technical standards.
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The MiCAR Whitepaper (Part I) – Required Content of the Whitepaper for Crypto Assets
In the scope of MiCAR, a whitepaper must be prepared for a public offering of crypto assets or their admission to trading. MiCAR already includes detailed information on its content. Even more specific information on the specific structure is expected to be provided with the publication of ESMA’s implementing technical standards.
