European Union:
Adoption Of MiCAR
05 May 2023
CMS Luxembourg
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On 20 April 2023, the proposal for a regulation of the European
Parliament and of the Council on markets in crypto-assets
("MiCAR") was adopted by the EU
Parliament.
For more information on MiCAR, please refer to our series of dedicated short videos.
MiCAR enters into force on the twentieth day
following that of its publication in the Official Journal of the
European Union and applies 18 months after the date of its entry
into force, save the provisions laid down in Title III on
asset-referenced tokens and Title IV on electronic money tokens,
which apply from the date of the entry into force of MiCAR.
This Regulation shall be binding in its entirety and directly
applicable in all Member States.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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