- MiCAR regulations for crypto come into force starting 2025
- FMA seeks to clarify its provisions and meanings
- They published their last newsletter titled Crypto, why s(ec)urely!”
New MiCAR regulations for crypto in force in 2025, which aim to make the European crypto industry more clear and sustainable for investors and consumers. The FMA aims to clarify the provisions and meaning of MiCAR for the European crypto market by providing relevant materials to help crypto companies and platforms adapt.
Details on FMA’s Initiative to Clarify the New Crypto Environment From MiCAR
So, the new regulations have come into force in the EU, and this is serious, as non-compliance with them implies serious measures applied to crypto companies and platforms.
However, regulation documents often have a lot of terminology and other nuances, so the FMA aims to make it easy to get clear and actionable info and help adapt to new safety standards without losing efficiency.
FMA’s Executive Directors Helmut Ettl and Eduard Müller marked:
“Austria’s crypto market is more secure and transparent as a result of the strict requirements under the MiCAR regime. It is also a genuine game-changer that investors will be able to tell from quickly looking at the Company Database on the FMA website whether a crypto service provider holds a licence – either in Austria or in another EU/EEA member state.”
FMA’s newsletter “Let’s talk about money” (Reden wir über Geld), namely its latest edition is focused on new crypto provisions in the EU and titled “Crypto, why s(ec)urely!”
They provide general points of innovation that require attention, such as:
- Licensing requirement
- High security standards
- Clear complaints procedure
- White papers
- IT Security
- Combating dubious providers
- Fair markets
Besides the introductory Newsletter – they also offer a more detailed description with official links and explanations, clarifying terminology and classification of assets such as asset-referenced tokens (ARTs), e-money tokens (EMTs), and other crypto-assets, and more aspects.
Conclusions
The FMA makes a good initiative that should thoroughly simplify the adaptation of crypto companies, as well as simplify the common understanding of the new crypto regulations for all crypto enthusiasts.
Here, we share this goal by giving up-to-date information on the latest crypto market developments and explaining the foundations and features of the blockchain industry. Be aware and stay tuned to adapt your strategy considering the latest market, regulatory, and technological innovations.
The information provided in this article is for informational and educational purposes only and does not constitute financial, investment, or trading advice. Any actions you take based on the information provided are solely at your own risk. We are not responsible for any financial losses, damages, or consequences resulting from your use of this content. Always conduct your own research and consult a qualified financial advisor before making any investment decisions. Read more
