On 30 September 2025, the Dutch Authority for Financial Markets (Autoriteit Financiële Markten, the AFM) issued a newsletter on the Markets in Crypto-Assets Regulation (MiCAR). In this newsletter, the AFM, among other things, provides an update on proprietary trading under MiCAR.
The AFM refers to the Q&As issued by the European
On 12 June 2025, the Dutch Authority for the Financial Markets (Autoriteit Financiële Markten, the AFM) issued its latest newsletter outlining developments related to the Markets in Crypto-Assets Regulation (Regulation 2023/1114, MiCAR). A key focus of this update is the AFM’s supervisory strategy following the end of the transitional period.
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