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ARTICLE · 31 JANUARY 2025

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Guidelines From The ESAs Ensuring Consistency In Crypto-Asset Classification

On 10 December 2024, the European Supervisory Authorities, consisting of the EBA, EIOPA, and ESMA (the ESAs) introduced joint guidelines (the Guidelines) to standardise the regulatory classification.

CyprusTechnology

On 10 December 2024, the European Supervisory Authorities, consisting of the EBA, EIOPA, and ESMA (the ESAs) introduced joint guidelines (the Guidelines) to standardise the regulatory classification of crypto-assets under the Markets in Crypto-Assets Regulation (MiCAR). These Guidelines aim to harmonise industry practices and supervisory approaches, ensuring a consistent and fair regulatory environment across the EU.

Key highlights of the Guidelines

Standardised classification test:

  • A uniform test has been introduced to classify crypto-assets and determine their regulatory status under MiCAR.
  • This ensures that market participants and regulators apply a consistent framework when assessing crypto-assets.

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