While MiCAR is an regulation and will be effective in each Member State without any transposition measure, Member States will nevertheless need to review their current legislation to adjust to the requirements of MiCAR. This in particular relates to adjustments to the registration or licencing regimes introduced in accordance with AMLD5. The Member States, therefore, are now in the process of adjusting their local laws on crypto regulation to comply with the requirements of MiCAR. MiCAR will start to apply in a staged approach. Also this will need to be considered by the Member States.
Key
Status | |
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Adoption of the national implementing act | |
Publication of the proposal | |
Consultation phase | |
No developments |
The task of adjusting local law must be completed by 30 December 2024.
The Bird & Bird MiCAR Implementation Tracker provides essential information to help businesses to monitor the status of implementation into national law. We are available to provide any further guidance you may need. If you have any questions or would like to know more about how we can help you to prepare for the European crypto regulation, please get in touch.
No draft available
Consultation phase
Adoption of the national implementing act
Consultation phase
Consultation phase
Consultation phase
No draft available
Consultation phase
Adoption of the national implementing act
Publication of proposal
Consultation phase
Consultation phase
Consultation phase
Publication of proposal