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ARTICLE · 13 MARCH 2025

ESMA Guidelines For Supervisory Authorities And CASP License Applicants

Dudkowiak & Putyra Business Lawyers
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On 31 January 2025, the European Securities and Markets Authority (ESMA) published a supervisory briefing after consulting the crypto market surveillance authorities of the European Union Member States.

European UnionTechnology
Aleksandra Walas
Aleksandra Walas
Marcin Waszak
Marcin Waszak

On 31 January 2025, the European Securities and Markets Authority (ESMA) published a supervisory briefing after consulting the crypto market surveillance authorities of the European Union Member States. The purpose of the published document is to develop common standards for assessing CASP authorisation applications.

Which areas of activity for CASPs have been agreed upon?

The objective of the consultation was to identify areas of importance to both crypto entrepreneurs and regulators in the process of examining a CASP licence application. As a result, among other things, recommendations were made relating to:

  • Risk-based approach (e.g., the communication outlines the key drivers of risk in assessing a CASP, as well as the aspects essential for the functioning of a CASP within a group of entities),

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