BaFin has published a Supervisory Notice on the new regulatory requirements for crypto-asset services under EU Regulation 2023/1114 (MiCAR). MiCAR has been in force throughout the EU since 30 December 2024 and brings significant changes for the crypto industry.
The BaFin document defines the different types of services that are subject to authorisation and clarifies authorisation requirements and exemptions for institutions that are already licensed.
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