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  • Writer's pictureадв. Светослав Григоров

Regulation of crypto-assets

Updated: Jun 8, 2023

Regulation of crypto-assets of the European Parliament and of the Council on Markets in Crypto-assets, and amending Directive (EU) 2019/1937, provides a comprehensive Union legal framework relating to:

- issuance and admission to trading of crypto-assets;

- authorization and supervision of service providers;

- operation, organization, and governance of issuers;

- consumer protection rules for the issuance, trading, exchange, and custody of crypto-assets;

- measures to prevent market abuse.

Scope of regulation of crypto-assets

The regulation applies to persons engaged in the issuance of crypto-assets. These are legal entities that publicly offer any type of crypto-assets or that wish to admit these crypto-assets to a trading platform. Also, persons who provide services related to the issuance of crypto-assets. Such as:

- custody and supervision on behalf of third parties;

- trading platform supervision;

- exchange against fiat currency;

- exchange of some crypto-assets against others;

- execution of orders on behalf of third parties;

- placement;

- receiving and transmitting orders on behalf of third parties;

- provision of consultations.

Regarding the application of the Regulation governing crypto-assets, please contact us by going to contacts.

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