The AMF has published updates on the Markets in Crypto-Assets (MiCA) regulation, which will take effect on 30 December 2024. The updates detail the requirements for crypto-asset service providers (CASPs) regarding authorization, obligations, and procedures for submitting applications.
The MiCA regulation, as outlined in the AMF's updates, applies to natural and legal persons engaged in the issuance, offer to the public, and admission to trading of crypto-assets, as well as those providing services related to crypto-assets in the EU.
CASPs must comply with the new regulatory framework by 6 July 2026, marking the end of the transitional period. Firms currently operating under the Pacte law must prepare for this transition to avoid disruptions in their operations.
The AMF's updates emphasize that compliance officers should ensure their firms are aware of the new obligations under MiCA and begin preparing for the application process for authorization as a CASP. Regular monitoring of ESMA's updates and guidelines is advised to stay informed about any changes or additional requirements leading up to the deadline.