Legal Update Webcast #03/2025 | Markets in Crypto Assets Regulation (MiCAR)

Since December 30, 2024, the main provisions of the markets in Crypto Assets Regulation Ordinance (EU) 2023/1114) (Micar) have to be applied across Europe. With the regulation, a uniform legal framework for crypto values is created, with regulations for both the primary and secondary market. The previously inconsistently regulated trade in crypto values (secondary market) is subject to the permission obligation across Europe. As part of our webcast, we provide an overview of the essential regulations of the regulation and the organizational and operational requirements for permits. At the same time, we show how the new uniform legal framework through uniform permission procedures, EU passport porting and legally secure implementation and Europe-wide scaling of business models can be used to develop markets.

In order to discuss the regulation content of the regulation, we will go into the following points in particular:

Uniform legal framework: Micar creates uniform rules for crypto values in all EU member states, which leads to a clearer regulatory environment for companies that work in the crypto industry.
Definition of the crypto values: Micar defines different types of crypto values, including “cryptocurrencies”, “stable coins” and other digital assets. Clear rules for emissions, trade and custody of crypto values are set up.
Consumer protection: There are strict requirements for transparency, information and risk management to protect investors' interests. Providers must e.g. B. provide detailed information that explains the potential risks and properties of the crypto values.
KYC/AML guidelines: Companies that offer crypto-assets have to meet strict know-your-customer (KYC) and anti-money laundering (AML) specifications.

When discussing the effects for banks, financial service providers, FinTechs and Payment Services providers, we explain and deepen the advantages of the regulation:

Legal certainty and clarity: The introduction of a clear regulatory framework offers a reliable basis for dealing with crypto values. This reduces legal uncertainties and investment concerns.
Access to the European market: Micar enables companies to offer their services within the entire EU as long as they meet the regulatory requirements. This facilitates expansion to the European market and improves market opportunities.
Competitive advantage: Companies that offer micar-compliant products and services at an early stage can position themselves as a pioneer and build trust among customers.
Better integration of crypto with traditional financial systems: Micar promotes seamless integration of crypto values into existing financial systems. Banks could offer crypto services such as custody, trade and liquidity, while fintechs and payment service providers can integrate crypto payment processing and transactions into their platforms.
Increased market acceptance: Since Micar strengthens consumer protection and promotes market integrity, this could increase the acceptance of crypto values in the general public. This is advantageous for all companies related to crypto values.
User -friendly innovations: Banks and FinTechs could develop new, user -friendly products and services based on the regulation of Micar, such as: B. crypto-based payment services, crypto investment products or stablecoin-based payment processing.

Leading through the webcast, the well-known blockchain and crypto expert Alireza Siadat (partner, Deloitte Legal, Frankfurt) and the blockchain expert and head of the Deloitte Blockchain Institute, Jens Hermann Paulsen (Director and Lead Web3 & Digital Assets, Deloitte, Hamburg).

Following our presentations, the speakers are of course also available for a detailed Q&A.

Please ask your questions for the Q&A part as part of your registration.

We look forward to your participation!

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