On 19 March 2025, there was published on the European Securities and Markets Authority’s (ESMA) website the official translations of the guidelines on the conditions and criteria for the qualification of crypto-assets as financial instruments. The guidelines specify the conditions and criteria for determining whether a crypto-asset should qualify as a financial instrument
On 10 March 2025, the European Securities and Markets Authority published the official translations of the European Supervisory Authorities (ESA) guidelines on templates for explanations and opinions, and the standardised test for crypto-assets, under Article 97 (1) of the Regulation on markets in crypto assets (MiCA).
The guidelines apply from 12
The Markets in Crypto-Assets Regulation (MiCAR) introduces a new regulatory framework for crypto-assets in the EU. Published in the OJ in June 2023, it became applicable to issuers of ARTs and EMTs on 30 June 2024 and to CASPs on 30 December 2024. In order to operate in the EU CASPs must be authorised and
On 27 February 2025, the European Banking Authority (EBA) issued its opinion responding to the European Commission’s (Commission) proposed changes to its draft regulatory technical standards (RTS) on the information to be provided to Member State competent authorities when authorising the offer to the public of asset-referenced tokens (
On 17 February 2025, the European Securities and Markets Authority (ESMA) issued a consultation paper containing draft guidelines for the criteria on the assessment of knowledge and competence under the Markets in Crypto Assets Regulation (MiCA).
Background
Article 81(15) of MiCA provides for ESMA to issue guidelines specifying the criteria for
On 31 January 2025, the European Securities and Markets Authority (ESMA) issued a supervisory briefing on authorisation of crypto asset service providers (CASPs) under the Markets in Crypto Assets Regulation (MiCAR). The purpose of the supervisory briefing is for Member State competent authorities (NCAs) to achieve a