On 27 February 2025, the European Commission adopted the following delegated acts supplementing the Regulation in markets in crypto-assets (MiCA):
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 13 February 2025, eight Commission Delegated Regulations supplementing the Regulation on markets in cryptoassets (MiCAR) were published in the Official Journal of the EU (OJ).
The Delegated Regulations supplement MiCAR with regulatory technical standards (RTS) in relation to the following topics:
On 4 February 2025, the Property (Digital Assets etc) Bill completed the House of Lords Committee stage.
The purpose of the Bill is to make provision about the types of things that are capable of being objects of personal property rights, as is further explained in our previous blog regarding the original publication of the
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
Introduction
The Hong Kong Securities and Futures Commission (SFC) announced on 16 January 2025 that new applicants for a virtual asset trading platform (VATP) licence will be subject to a revamped and expedited external assessment process.
Previous external assessment process
VATP licence applicants who had submitted their application on or before
On 30 January 2025, the Financial Services and Markets Act 2023 (Digital Securities Sandbox) (Amendment) Regulations 2025 were laid before Parliament and published on legislation.gov.uk, along with an explanatory memorandum.
The Regulations amend the Financial Services and Markets Act 2023 (Digital Securities Sandbox) Regulations 2023 (the DSS Regulations), to modify the effect of
On 24 January 2025, the European Securities and Markets Authority (ESMA) issued an opinion on the regulatory technical standards (RTS) specifying certain requirements in relation to conflicts of interest for crypto-asset service providers (CASPs) under the Markets in Crypto-Assets Regulation (MiCAR).
On 31 May 2024, ESMA published
On 17 January 2025, the European Securities and Markets Authority (ESMA) issued a statement which provides guidance on how and under which timeline crypto-asset service providers (CASPs) are expected to comply with the requirements of Titles III and IV of the Regulation on markets in crypto-assets (MiCAR). In particular
On 16 January 2025, the European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) issued a joint report on recent developments in crypto-assets, analysing decentralised finance (DeFi) and crypto lending, borrowing and staking.
As regards DeFi the joint report finds, among other things, that: