European regulators begin consultation on MiCAR guidelines
The three major European regulatory agencies (EBA, EIOPA, and ESMA) issued a consultation paper on the guidelines for the Markets in Crypto-Assets Regulation (MiCAR), with the aim of establishing standardized testing and legal opinion templates for the classification of crypto-assets to promote a unified classification method.
The main content includes:
• Asset Reference Tokens (ARTs): The white paper for issuing ARTs must be accompanied by a legal opinion explaining their classification, particularly with regard to their not being electronic monetary tokens (EMTs) or crypto-assets outside the scope of MiCAR.
• Crypto-assets that are not ARTs or EMTs: The white paper for such crypto-assets must include a classification explanation, stating that they are not EMTs, ARTs, or crypto-assets outside the scope of MiCAR.
The deadline for submitting comments on the consultation paper is October 12, 2024. The European regulatory agencies will hold a virtual public hearing on September 23, 2024, and stakeholders are invited to register before September 19th. All comments received will be made public after the consultation ends, unless confidentiality is specifically requested.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Why The Next Altcoin Season Could Be the Biggest Ever
Mind Network Unveils First Encrypted Cross-Chain $USDC Layer with Circle and Chainlink
Trump’s Tariff Policies Unlikely to Increase US Manufacturing Jobs in the ‘Foreseeable Future’: Wells Fargo Analysts
PENGU Was Missed by Many—Grab BTFD Presale and Turn $100 into $12K: Best New Meme Coin to Join This Week!
Missed Pudgy Penguins? Don’t miss BTFD! With 11,900% ROI potential, 90% APY staking & a live P2E game, it’s the best meme coin to join this week!BTFD Coin Is Where Whales Feast—Get in Before the Final Blowout!Pudgy Penguins (PENGU) — You Delayed, It Blew UpConclusion: Timing Is Everything in Crypto!

Trending news
MoreCrypto prices
More








