Clifford Chance
EU crypto regulation: MICAR overview for issuers and crypto-asset service providers
22 July 2024
The EU's Markets in Crypto-assets Regulation (MiCAR) introduces an EU regulatory framework for the issuance of, intermediating and dealing in crypto-assets. Parts of MiCAR impacting the issuance, offering and admission to trading of stablecoins entered into force at the end of June 2024, while equivalent provisions for other crypto-assets, new licensing and conduct of business requirements for cryptoasset service providers, and a market abuse regime with respect to cryptoassets will apply from the end of the year.
We look at what issuers of stablecoins and other crypto-assets, custodians and other crypto-asset service providers need to know now.
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