🚨 **Will the MiCA Regulation Apply to Non-EU Bitcoin Firms?** 🚨
If you're a non-EU business providing Bitcoin-related services, the new MiCA Regulation could affect you. However, there’s an important **client-initiated** exception under Article 61 to be aware of!
🔑 **Key Takeaways**:
- No need for MiCA authorisation **if** an EU client *independently* requests your services.
- 🛑 **BUT**: You **cannot solicit or advertise** to EU clients – even indirectly – or you’ll need to comply with MiCA authorisation requirements.
- **Important**: Marketing new services to these clients later is also prohibited.
Stay informed! ESMA guidelines coming by December 2024 will provide further clarification on these rules.
#BitcoinDesk #MiCA #djp #BitcoinLegalAlert
If you're a non-EU business providing Bitcoin-related services, the new MiCA Regulation could affect you. However, there’s an important **client-initiated** exception under Article 61 to be aware of!
🔑 **Key Takeaways**:
- No need for MiCA authorisation **if** an EU client *independently* requests your services.
- 🛑 **BUT**: You **cannot solicit or advertise** to EU clients – even indirectly – or you’ll need to comply with MiCA authorisation requirements.
- **Important**: Marketing new services to these clients later is also prohibited.
Stay informed! ESMA guidelines coming by December 2024 will provide further clarification on these rules.
#BitcoinDesk #MiCA #djp #BitcoinLegalAlert