Global Regulation Tomorrow Plus: 30 June 2024 – MiCAR’s first milestone

In our latest Global Regulation Tomorrow Plus podcast, Anna Carrier, Nikolai de Koning and Sebastien Praicheux discuss the first milestone of Regulation (EU) 2023/1114 on Markets in Crypto-assets (MiCAR). MiCAR establishes a regime for the regulation and supervision of crypto-asset issuance and crypto asset service provision in the EU. Among the activities within the scope of MiCAR are the activities of offering to the public or seeking admission to trading asset-referenced tokens (ARTs) and electronic money tokens (EMTs) and issuing such tokens (ART/EMT activities). These activities will be subject to, respectively, Title III and Title IV of MiCAR from 30 June 2024. Also, as from 30 June 2024 ARTs and EMTs constitute regulated instruments under MiCAR and therefore from this date consumers benefit from the rights and protections set out in MiCAR.