MiCAdemy Webinar: Grandfathering provisions across the EU

Various updates across the EU have been announced with regards to the Markets in Crypto-Assets Regulation (MiCAR), with the Italian Treasury launching a public consultation welcoming submissions until 22 March 2024. Firms will need to apply for MiCA by the end of 2024, or lose access to Italy as a market.

In the Netherlands, the draft implementing act and decree were published for public consultation in July 2023 and January 2024. It is the intention that a grandfathering period of 6 months will apply, so VASPs registered before the end of 2024 can continue operating until 1 July 2025.

In Germany, the implementing act, which is currently in the draft stage, provides a grandfathering period of 12 months which ends on 31 December 2025.

Our pan-European team discussed these regulatory changes, what they mean for impacted firms, and how to choose which jurisdiction to register in. This spirited flash discussion, featuring Partners Romeo Battigaglia (Milan) and Jochen Kindermann (Frankfurt) alongside Supervising Associate Lena Schäfer (Frankfurt) and Associate Koen van Leeuwen (Amsterdam), was moderated by Digital Assets Partner George Morris (London).

Event details:
Date: Friday 15 March
Time: 9:30-10:30am GMT
Location: online (Zoom)