Article 2: Scope
agent:eu:mica:art-2 · sha256 09b672ec1ea35700
Turnover framework under the act
The act sets no turnover framework. Penalties are laid down by the Member States.
Affected roles
Not in the register yet.
Affected industries
banking
Obligations
Not in the register yet.
Article text
1. This Regulation applies to natural and legal persons and certain other undertakings that are engaged in the issuance, offer to the public and admission to trading of crypto-assets or that provide services related to crypto-assets in the Union.
2. This Regulation does not apply to:
(a)
persons who provide crypto-asset services exclusively for their parent companies, for their own subsidiaries or for other subsidiaries of their parent companies;
(b)
a liquidator or an administrator acting in the course of an insolvency procedure, except for the purposes of Article 47;
(c)
the ECB, central banks of the Member States when acting in their capacity as monetary authorities, or other public authorities of the Member States;
(d)
the European Investment Bank and its subsidiaries;
(e)
the European Financial Stability Facility and the European Stability Mechanism;
(f)
public international organisations.
Machine-readable formThe article in the registerChangesSource: NovaCopilot