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ARTICLE · 23 JANUARY 2025

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The Central Bank's MiCAR Authorisation And Supervision Expectations

William Fry LLP
William Fry LLP
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William Fry LLP

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In December 2024, the Central Bank of Ireland (Central Bank) published a document (MiCAR Guidance) setting out its authorisation and supervision expectations for firms seeking authorisation...

IrelandTechnology
Shane Kelleher
Shane Kelleher
Louise McNabola
Louise McNabola
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In December 2024, the Central Bank of Ireland (Central Bank) published a document (MiCAR Guidance) setting out its authorisation and supervision expectations for firms seeking authorisation to provide crypto-asset services under the EU Markets in Crypto-Assets Regulation (MiCAR).

MiCAR came into full force on 30 December 2024. The MiCAR Guidance applies to issuers of AssetReferenced Tokens (ARTs), issuers of Electronic Money Tokens (EMTs) and firms seeking authorisation as a crypto-asset service provider (CASP).

CROSS SECTORAL GUIDANCE

The MiCAR Guidance should be read in conjunction with the Central Bank's Guidance on expectations for applicant firms seeking authorisation from the Central Bank to operate as a regulated Firm (Cross Sectoral Guidance) of November 2024. For further information on the Cross Sectoral Guidance, please see our article here.

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