ESMA_QA_2653
08/11/2024
Subject Matter
How to distinguish between different execution services
Original question
How should the crypto-asset services of ‘exchange of crypto assets for funds’ or ‘exchange of crypto assets for other crypto assets’ (Article 3(1)(16c and d respectively) of MiCA), ‘execution of orders for crypto-assets on behalf of clients’ (Article 3(1)(16e), and ‘reception and transmission of orders for crypto-assets on behalf of clients’ (Article 3(1)(16g)) be distinguished from one another?
Status: Question Published
Additional Information
Level 1 Regulation
MiCA
Additional Legal Reference
Article 3
Topic
Crypto-Asset Service Provider (CASP)