Mica regulation under scrutiny

• Authors: Aneta Vondráčková , Martin Hobza
• Languages of publication: EN

Abstracts

EN

The Markets in Crypto-assets Regulation (MiCA) seeks to regulate crypto-asset services and cryptoasset service providers within the European Union as an area, which was mainly built on the idea of independence from the current “traditional” financial system and its regulatory framework. MiCA, inspired by the Markets in Financial Instruments Directive (MiFID II) as a cornerstone of the EU financial services regulation, now aims to change the paradigm. The paper focuses on examining the scope of the relevant crypto-asset services compared with the investment services catalogue under MiFID II. By analysing the definitions and content of individual services, it seeks to identify possible differences and frictions. Further, it categorises and evaluates prospective requirements put on the crypto-asset service providers (CASPs). As a result, the paper emphasizes the relevant differences of MiCA and MiFID II lists, as well as provides an overview of the new requirements put on cryptoasset service providers.

Keywords

EN

crypto-asset services; crypto-asset service providers; investment services; MiCA; MiFID II

Discipline

• LAW_&_ADMINISTRATION: LAW & ADMINISTRATION

• Publisher: Institute of State and Law, Czech Academy of Sciences
• Journal: The Lawyer Quarterly
• Year: 2024
• Volume: 14
• Issue: 1
• Pages: 91-100
• Document type: ARTICLE

Contributors

author

Aneta Vondráčková

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author

Martin Hobza

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