With the arrival of the MiCAR, the crypto landscape is changing dramatically. The registration regime under AMLD5 will disappear and be replaced by MiCAR, which has a broader purpose than AMLD5, which only focused on money laundering and terrorist financing. CASPs must be licensed under MiCAR to offer crypto services, with strict client protection rules that impact their day-to-day operations. These rules are crucial for crypto parties that want a MiCAR license, but also for investment firms and other regulated parties that want to offer crypto services.
In this article, which was previously published in the Tijdschrift voor Financieel Recht, Peter Hoefnagels discusses the client protection rules included in the MiCAR. Read the entire article (in Dutch) via the button below.
