EC ARTs/EMTs as Means of Exchange

Published on: Feb 17, 2025

On Feb. 13, EC issued Reg 2025/298 on ARTs/EMTs in Official Journal.

  • EC issued Reg 2025/298 supplementing Reg 2023/1114 on regulatory technical standards specifying methodology to estimate the number and value of transactions associated to uses of asset-referenced tokens and of e-money tokens denominated in a currency that is not an official currency of a Member State as a means of exchange.
  • Follows EC Nov. 2024 adopted RTS specifying methodology to estimate value of transactions associated to uses of ARTs and of EMTs denominated in a currency that is not official currency of MS as a means of exchange (C(2024)6910), see #216553.
  • Effectiveness
  • Regulation in force on 20th day following publication in Official Journal, Mar. 5, 2025.
Regulators
EU CMSN; EU EBA
Entity Types
B/D; Bank; IA; Inv Co; MSB
Reference
OJ L, 2/13/2025; Reg 2025/298, 10/31/2024; MiCA Reg 2023/1114; Citation: Reg 2023/1114; Reg 2025/298;
Functions
Compliance; C-Suite; Financial; Legal; Operations; Product Administration; Product Design; Reporting; Risk; Technology; Treasury
Countries
European Union
Category
State
N/A
Products
Banking; Cryptocurrency; Custody; Fund Mgt; Issuance/IPO; Payments; Securities
Rule Type
Final
Regions
EMEA
Rule Date
Feb 13, 2025
Effective Date
Mar 5, 2025
Rule ID
243664
Linked to
Reg. Last Update
Feb 13, 2025
Report Section
EU