Implementation of the Markets in Crypto-assets Regulation (MiCAR): A Jurisdictional Comparison

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Implementation of the Markets in Crypto-assets Regulation (MiCAR): A Jurisdictional Comparison

07 November 2024

In this document, our global Digital Assets and Blockchain (DAB) team sets out a comparative guide across France, Italy, Ireland, Germany, the Netherlands, and Spain, covering a number of relevant factors including:

the status of national implementation of MiCAR,
timing considerations such as transitional regimes and estimated timings for CASP authorisation applications under MiCAR, and
the number of virtual asset service providers registered under existing regimes.

Access the guide by clicking the 'download' button below.

For more information, please feel free to contact a member of the team or visit the Hogan Lovells Digital Assets and Blockchain Hub for additional resources.

Authored by Dr Sébastien Gros, Elisabetta Zeppieri, Eimear O'Brien, Max von Cube, Janelle de Ruiter, Carlos Carbajo Amigó, and Christina Wu.

With the Markets in Crypto-Assets Regulation (MiCAR) (Regulation (EU) 2023/1114) becoming fully applicable by the end of this year, crypto-asset service providers seeking to offer their services across the EU now need to consider which jurisdiction is most suitable for them to file their CASP authorisation applications and the extent to which they can avail of national transition regimes.