Member Content
Published
Share

Road to MiCAR: The European Crypto-assets Regulation

Bird & Bird published a guide to the European Regulation on Markets in Crypto-assets (MiCAR). This guide will cover the newest topics in relation to the MiCAR and crypto assets. It shall be updated from time to time. The European Union is working on a Regulation on Markets in Crypto-assets (MiCAR).

The regulation of crypto assets and related services is still not treated uniformly in the European Union and resembles more a patchwork of regulatory fragmentation.

Although the fifth Anti-Money Laundering Directive (AMLD5) also covers certain crypto assets under the term “virtual currencies”, it does not provide a harmonised approach. As a result of the implementation of the AMLD5, each Member State has created its own regulatory regime for transactions related to “virtual currencies” or crypto assets. This problem is addressed by the European Commission’s proposal for the Regulation Markets in Crypto-assets (abbreviated as MiCAR). It is currently expected that MiCAR will come into force in 2022 and will be directly applicable in all Member States after an 18-month transition period. This means that a harmonised set of rules for products and services related to crypto assets can be expected throughout the European Union in 2024.

Download the Guide here

Share this Article
Related Insights
Featured
DUTCH FINTECH MAP 2022
Since 2014, Holland FinTech has been mapping the fintech landscape, in the Netherlands and abroad.
Landing in the Netherlands
New to the Netherlands? Want to know who is who and where to meet them? Read all about the Dutch market, and find your path to successful market access!
Amsterdam Fintech Week
Amsterdam FinTech Week is back on 12-15 September! Be a sponsor, co-organizer, or just participate at the summit or one of the countless side events.

How likely are you to recommend Holland FinTech?