• European Supervisory Authorities release new guidelines to standardize crypto-asset classification.
• MiCAR guidelines propose standardized templates and tests for crypto-asset regulatory clarity.
• Stakeholders are invited to submit comments on the proposed crypto-asset guidelines by October 12, 2024.

European regulators are taking steps to clarify the classification of crypto-assets under the new Markets in Crypto-Assets Regulation (MiCAR). The European Supervisory Authorities have released draft guidelines proposing standardized templates and a test to ensure a consistent approach across the European Union.

The guidelines propose standardized templates for explanations and legal opinions regarding the classification of crypto assets, as well as a standardized test to ensure a common approach to classification.

The guidelines seek to help market participants and supervisors adopt a unified method for classifying crypto assets. The proposed standardized test, along with templates for explanations and legal opinions, will provide clear descriptions of regulatory classifications for different crypto assets.

For Asset-Referenced Tokens (ARTs), the white paper…

The post Decoding MiCAR: A Comprehensive Guide to the EU’s New Crypto Asset Rules appeared first on Coin Edition.

• European Supervisory Authorities release new guidelines to standardize crypto-asset classification.
• MiCAR guidelines propose standardized templates and tests for crypto-asset regulatory clarity.
• Stakeholders are invited to submit comments on the proposed crypto-asset guidelines by October 12, 2024.

European regulators are taking steps to clarify the classification of crypto-assets under the new Markets in Crypto-Assets Regulation (MiCAR). The European Supervisory Authorities have released draft guidelines proposing standardized templates and a test to ensure a consistent approach across the European Union.

The guidelines propose standardized templates for explanations and legal opinions regarding the classification of crypto assets, as well as a standardized test to ensure a common approach to classification.

The guidelines seek to help market participants and supervisors adopt a unified method for classifying crypto assets. The proposed standardized test, along with templates for explanations and legal opinions, will provide clear descriptions of regulatory classifications for different crypto assets.

For Asset-Referenced Tokens (ARTs), the white paper…

The post Decoding MiCAR: A Comprehensive Guide to the EU’s New Crypto Asset Rules appeared first on Coin Edition.