Markets in Crypto-Assets Regulation (MICAR)
The Markets in Crypto-Assets Regulation (MiCAR) is the first European regulation for the crypto sector. MiCAR applies to crypto-asset service providers (CASPs) and the provision of crypto-assets in the EU. It requires CASPs to be authorised to operate in the Dutch and EU markets from 30 December 2024. Issuers of asset-referenced tokens (ARTs) and electronic money tokens (EMTs) must be MiCAR-compliant even earlier: 30 June 2024. Parties currently offering their services in or from the Netherlands based on registration with the Dutch Central Bank (DNB) will in all likelihood be obliged to have a licence by 30 June 2025.
Advice impact of MiCAR
Meeting these detailed regulations can be a great challenge for Dutch and international financial institutions alike. Our experts will be happy to advise on any financial supervision issues you may have, including the impact of MiCAR. As a fintech frontrunner, we coordinated one of the first registrations under the current regime for crypto service providers under the Money Laundering and Terrorist Financing (Prevention) Act (Wet ter voorkoming van witwassen en financieren van terrorisme) and are likewise breaking new ground when it comes to MiCAR.
We provide comprehensive and practical advice to our clients, combining our firm's knowledge of financial supervision law with our insights into the legal aspects of matters such as IT, outsourcing, cloud computing, privacy, data protection, big data, personal data processing, e-commerce and intellectual property law.
MiCAR BLOGS
We write regular blogs on the most recent developments in the MiCAR regulations. Would you also like to receive these blogs in your inbox? Sign up here for our Financial Services.
