On Sep. 11, SLK PRL adopted bill implementing MiCA regulation.
SLK PRL adopted bill 293 of May 13, 2024, on certain obligations and authorizations in the field of crypto-assets and on the amendment of certain laws.
Follows EU CNCL, EP Jun. 2022 agreement on crypto asset transfer, see #142019.
Purpose
Implementation of provisions of EU MiCA Regulation 2023/1114; establishment of SLK CB as the supervisory authority for compliance with MiCA obligations, enforcement.
SLK CB will authorize issuers of asset-referenced tokens and crypto-asset service providers in accordance with MiCA Regulation; other acts are aligned with MiCA Reg.
Details on crypto-asset reserve; crypto-assets' keeping and management on behalf of clients; advice services; information and reporting obligations towards the SLK CB.
Disagreement re the acquisition of a qualified share; enforcement powers, temporary enforcement measures prohibiting or restricting activity; conditions to block interfaces.
Crypto-asset service providers that were authorized before Dec. 30, 2024 can continue to perform those activities and services, under conditions, until Dec. 30, 2025.
Effectiveness
The law enters into force on Nov. 1, 2024.
Art I § 3 until 5, § 7 until 10 a § 12; art II until IV; art V points 1 until 3, § 122y in point 43 and point 44; art VIII; art IX point 1; art X and XII, apply on Dec. 30, 2024.
Art VI and VII, will enter into force on Jan. 1, 2025.
