Knowledge Base

Which categories of digital asset services have required mandatory registration since January 2024?

Digital asset custody, buying/selling against legal tender, digital asset exchange, trading platform operation

Order reception and transmission, portfolio management, advisory, firm commitment and placement of digital assets

Digital asset custody, portfolio management, advisory, firm commitment and placement of digital assets

Buying/selling against legal tender, digital asset exchange, order reception and transmission, trading platform operation

What is the primary role of trading platforms in the secondary market for crypto-assets?

Portfolio management for institutional investors

Providing liquidity by enabling token resale

Firm commitment and placement of digital assets

Order reception and transmission for retail clients

What is the minimum amount required for professional liability insurance under the optional licensing framework?

$100,000

$400,000

$500,000

$1 million

What is the difference between registration and licensing for DASPs?

Click to see answer

What are the impacts of the MiCA regulation on French DASPs?

European harmonization with a single passport, expansion to ten regulated services

Elimination of all regulatory obligations for DASPs

Complete replacement of the loi PACTE framework by a new non-European system

Reduction of own funds and governance requirements

Categorize items by dragging them to the appropriate zones

Items to categorize:

Risk classification and KYC identification

Resilient IT system against cyberattacks

Obligation to inform about fees and risks

Suspicious transaction report to TRACFIN

Categories:

Anti-money laundering

Cybersecurity

Client protection

Mandatory registration for DASPs only requires checks on the good repute and competence of managers.

True

False

DASPs registered before December 2024 must immediately obtain a new MiCA license.

True

False