The upcoming Markets in Crypto-Assets Regulation (MiCA) will change the way crypto-assets are regulated in the EU. MiCA introduces regulation of companies providing crypto-asset activities – both stablecoins and other crypto-assets. It's worth noting that apart from a few provisions in the Danish Money Laundering Act, crypto companies were not subject to any financial regulation before MiCA.

1. The regulation is generally characterized by already known rules from the stock market and payment industry, which are simply adapted to the unique nature of crypto-assets. MiCA's rules on asset-reference tokens (ART) and e-money tokens (EMT) will enter into force on June 30, 2024. The remaining rules will enter into force on December 30, 2024.
2. In order for regulated entities to conduct or continue their activities, they must apply for a MiCA license from the relevant supervisory authority – in Denmark, the Danish Financial Supervisory Authority (FSA). If your company operates in the crypto-asset sector, it is therefore important to be prepared for these changes and understand how they will affect your company.

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Samar Law can assist with the following tasks, among others:

• MiCA regulation advice: We provide a clear understanding of how MiCA regulation will affect your business so you can prepare for the coming changes.
• MiCA license application: We assist with the application process to obtain a MiCA license, including preparing the necessary documentation and ensuring that all requirements are met.
• Preparation of documents and policies: We help prepare the necessary documents and policies required under the MiCA regulation. This ensures that your company operates in accordance with the new rules and requirements.
• Adapting business models: We guide you on how to adapt your business models and procedures to comply with the new requirements of the MiCA regulation. This includes a review of your current processes and suggestions for necessary changes.
• Risk management and compliance advice: We offer risk management and compliance advice to help your company manage the risks associated with the new regulatory requirements and ensure that all aspects of your business are compliant.
• Contact and negotiations with authorities: We assist with contact and negotiations with relevant authorities, which includes answering questions, providing additional documentation, and handling any issues that may arise.

If you have any questions or are looking for advice, you are welcome to contact lawyer Payam Samarghandi by email at payam@samarlaw.dk or by phone on +45 60 79 37 77.