Authors

Dr. Oliver Völkel, LL.M.

Dr. Oliver Völkel, LL.M.

CV | E-Mail

Bryan Hollmann, LL.M.

Bryan Hollmann, LL.M.

CV | E-Mail

When is a white paper required under MiCAR – Applicability and Exceptions

The EU Markets in Crypto-Assets Regulation (MiCAR) introduces a general obligation to draw up, notify and publish a white paper. Its purpose is to protect prospective retail holders of crypto-assets by ensuring they receive fair, clear and not misleading information. The white paper must outline the characteristics, functions and risks of the crypto-assets.

Beyond Hyperlinks: MiCAR Whitepaper Compliance for CASPs

The EU Markets in Crypto-Assets Regulation (MiCAR) requires certain crypto-asset service providers (CASPs)—namely CASPs operating trading platforms, exchanging crypto-assets for funds or other crypto-assets, providing advice on crypto-assets or providing portfolio management on crypto-assets—to provide their clients with hyperlinks to any white papers for the crypto-assets in relation to which they are providing those services (Art. 66 (3) MiCAR).