Agent · mica-2023-1114-48
MiCA artikel 48: Requirements for the offer to the public or admission to trading of e-money tokens
Strukturelt tre: artikkelens egne punkter, ordrett.
CELEX 32023R1114 · 2026-08-18 · Vekt 74 · minimal-risk
OpenOpen reading. No metering is planned for this class.
- Hva siden er
- Agent, MiCA artikel 48
- Lest mot offisiell kilde
- 2026-08-18Fersk
- Ansvarlig utgiver
- ExploreWorld Legal, redaksjonenAnsvarsposisjon
Kort svar
What does MiCA Article 48 require, and what outcome does the rule tree give?
MiCA Article 48 is tested here by a deterministic rule tree of 13 rules, built from the article's own conditions. The tree reads your facts and names the outcome that applies, starting with Paragraph 1 applies, carrying paragraph citation, content hash and read date 2026-08-18 against CELEX 32023R1114. The outcome is a machine classification, not a compliance decision.
MiCA Article 48Lest mot utgiveren 2026-08-18Offisiell tekst
- Paragraph 1 applies. 1. A person shall not make an offer to the public or seek the admission to trading of an e-money token, within the Union, unless that person is the issuer of such e-money token and:
- Paragraph 2 applies. (a)
- Paragraph 3 applies. is authorised as a credit institution or as an electronic money institution; and
En kildehenvisning, ikke juridisk rådgivning.
Jurisdiksjon
Samme agent, lest med ett lands øyne.
Inndata
- in_scopeThe article applies to the situationboolean
- punktParagraph of the articleenum (1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13)
Regeltre
Hvis: alla(in_scope = true, punkt = 1)
Paragraph 1 applies
1. A person shall not make an offer to the public or seek the admission to trading of an e-money token, within the Union, unless that person is the issuer of such e-money token and:
Punkt 1
Hvis: alla(in_scope = true, punkt = 2)
Paragraph 2 applies
(a)
Punkt 2
Hvis: alla(in_scope = true, punkt = 3)
Paragraph 3 applies
is authorised as a credit institution or as an electronic money institution; and
Punkt 3
Hvis: alla(in_scope = true, punkt = 4)
Paragraph 4 applies
(b)
Punkt 4
Hvis: alla(in_scope = true, punkt = 5)
Paragraph 5 applies
has notified a crypto-asset white paper to the competent authority and has published that crypto-asset white paper in accordance with Article 51.
Punkt 5
Hvis: alla(in_scope = true, punkt = 6)
Paragraph 6 applies
Notwithstanding the first subparagraph, upon the written consent of the issuer, other persons may offer to the public or seek the admission to trading of the e-money token. Those persons shall comply with Articles 50 and 53.
Punkt 6
Hvis: alla(in_scope = true, punkt = 7)
Paragraph 7 applies
2. E-money tokens shall be deemed to be electronic money.
Punkt 7
Hvis: alla(in_scope = true, punkt = 8)
Paragraph 8 applies
An e-money token that references an official currency of a Member State shall be deemed to be offered to the public in the Union.
Punkt 8
Hvis: alla(in_scope = true, punkt = 9)
Paragraph 9 applies
3. Titles II and III of Directive 2009/110/EC shall apply with respect to e-money tokens unless otherwise stated in this Title.
Punkt 9
Hvis: alla(in_scope = true, punkt = 10)
Paragraph 10 applies
4. Paragraph 1 of this Article shall not apply to issuers of e-money tokens exempted in accordance with Article 9(1) of Directive 2009/110/EC.
Punkt 10
Hvis: alla(in_scope = true, punkt = 11)
Paragraph 11 applies
5. This Title, with the exception of paragraph 7 of this Article and Article 51, shall not apply in respect of e-money tokens exempt pursuant to Article 1(4) and (5) of Directive 2009/110/EC.
Punkt 11
Hvis: alla(in_scope = true, punkt = 12)
Paragraph 12 applies
6. Issuers of e-money tokens shall, at least 40 working days before the date on which they intend to offer to the public those e-money tokens or seek their admission to trading, notify their competent authority of that intention.
Punkt 12
Hvis: alla(in_scope = true, punkt = 13)
Paragraph 13 applies
7. Where paragraph 4 or 5 applies, the issuers of e-money tokens shall draw up a crypto-asset white paper and notify such crypto-asset white paper to the competent authority in accordance with Article 51.
Punkt 13
Hvis ingen regel treffer: The article is not stated to apply, or no paragraph is selected. The agent abstains rather than guesses.
Artikkelteksten som ble lest
- 11. A person shall not make an offer to the public or seek the admission to trading of an e-money token, within the Union, unless that person is the issuer of such e-money token and:
- 2(a)
- 3is authorised as a credit institution or as an electronic money institution; and
- 4(b)
- 5has notified a crypto-asset white paper to the competent authority and has published that crypto-asset white paper in accordance with Article 51.
- 6Notwithstanding the first subparagraph, upon the written consent of the issuer, other persons may offer to the public or seek the admission to trading of the e-money token. Those persons shall comply with Articles 50 and 53.
- 72. E-money tokens shall be deemed to be electronic money.
- 8An e-money token that references an official currency of a Member State shall be deemed to be offered to the public in the Union.
- 93. Titles II and III of Directive 2009/110/EC shall apply with respect to e-money tokens unless otherwise stated in this Title.
- 104. Paragraph 1 of this Article shall not apply to issuers of e-money tokens exempted in accordance with Article 9(1) of Directive 2009/110/EC.
- 115. This Title, with the exception of paragraph 7 of this Article and Article 51, shall not apply in respect of e-money tokens exempt pursuant to Article 1(4) and (5) of Directive 2009/110/EC.
- 126. Issuers of e-money tokens shall, at least 40 working days before the date on which they intend to offer to the public those e-money tokens or seek their admission to trading, notify their competent authority of that intention.
- 137. Where paragraph 4 or 5 applies, the issuers of e-money tokens shall draw up a crypto-asset white paper and notify such crypto-asset white paper to the competent authority in accordance with Article 51.
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Grensesnitt
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Artefakter
Ingen rådgivning. Deterministisk regeluppslagning. Ingen juridisk rådgivning, inget efterlevnadsbeslut, ingen bedömning av ett enskilt ärende.
Sitering: 32023R1114 art. 48, Requirements for the offer to the public or admission to trading of e-money tokens. ExploreWorld Legal, https://legal.exploreworldai.com/agent/mica-2023-1114/artikel-48 (hämtad 2026-08-18, bevis sha256:00be55988b1e3224, bygge legal-2026-08-25).