The remaining elements of the markets in the regulation of cryptocurrency (Micar) began to apply from December 30, 2024. An integrated transition regime with Micar Grants Providers of Crypto-Asembres (CASPS) until July 1, 2026 to pass existing national executives. However, some Member States have chosen to finish or reduce this period, which has led to a patchwork of different times to navigate. Companies that become authorized under Micar will also have to comply with the Digital Operational Resilience Act (Dora) which was posted earlier in January.
The date of implementation of the prudential standards of the BIS for exhibitions to banking cryptocurrencies was deferred from one year until January 1, 2026. Despite the capital fever for one. There is also a global limit of banking exhibitions to these types of assets.
To remedy this in the EU, the CRR3 had already introduced a transitional capital regime, applicable from July 2024. However, the EBA also launched a consultation by developing this capital treatment for various types of risk (risk of Credit, CCR, market risk and CVA risk) and seeking to align it more closely with bis. The consultation offers specific risk weights – 250% for tokens referenced on assets (arts) (to reflect their partial support by traditional assets) and 1,250% for non -reversed cryptocurrency (to take into account their volatility and “lack of intrinsic value”).
EIOPA has also published a consultation on equivalent capital requirements for insurers. Despite current exhibitions on the remaining intangible crypto -cups (0.0068% of total investments in European insurers), Eiopa offers a 100% haircut to all assets – regardless of their processing processing and structure investment.
