Road to MiCAR - Italian view added

Published

Mar 30 2022

Written By

As co-head of the global Finance & Financial Regulation Practice Groups and head of the German Finance & Financial Regulation Practice Group, I advise on national and international finance and capital markets law as well as on commercial and corporate law. I am also a member of the international steering group of our Financial Services Sector Group.

Johannes Wirtz, LL.M.

Partner
Germany

As partner in our Finance & Financial Regulation Group in Frankfurt, I advise our national and international clients on banking regulatory issues and finance law.

Practices

Sectors

Regions

The legislative process on the crypto-assets regulation MiCAR is moving forward. Before we turn to the new drafts and votes, we have added the perspective of our colleagues in Italy to our Road to MiCAR.

In Italy, a decree was issued in January by the Ministry of Economy and Finance regulating the procedures and timetable for the notification of providers of services related to the use of virtual currencies and providers of services for digital wallets. Activities related to cryptocurrencies targeting persons in Italy are subject to registration requirements. The requirements for registration are reviewed on an ongoing basis.

The full Road to MiCAR is available here