MiCA Roundtable Brussels

[vc_row row_height_percent=”50″ back_color=”color-wayh” back_image=”132263″ kburns=”yes” overlay_color=”color-wayh” overlay_alpha=”50″ gutter_size=”3″ column_width_percent=”100″ shift_y=”0″ z_index=”0″ uncode_shortcode_id=”705424″ back_color_type=”uncode-palette” overlay_color_type=”uncode-palette”][vc_column column_width_percent=”100″ gutter_size=”3″ overlay_alpha=”50″ shift_x=”0″ shift_y=”0″ shift_y_down=”0″ z_index=”0″ medium_width=”0″ mobile_width=”0″ width=”1/1″ mobile_height=”340″][/vc_column][/vc_row][vc_row row_height_percent=”0″ override_padding=”yes” h_padding=”2″ top_padding=”2″ bottom_padding=”3″ overlay_alpha=”50″ gutter_size=”3″ column_width_percent=”100″ shift_y=”0″ z_index=”0″][vc_column column_width_percent=”100″ gutter_size=”3″ override_padding=”yes” column_padding=”3″ back_color=”color-xsdn” overlay_alpha=”50″ shift_x=”0″ shift_y=”-5″ shift_y_fixed=”yes” shift_y_down=”0″ z_index=”0″ medium_width=”0″ mobile_width=”0″ width=”1/1″][vc_row_inner row_inner_height_percent=”0″ overlay_alpha=”50″ equal_height=”yes” gutter_size=”0″ shift_y=”0″ limit_content=””][vc_column_inner column_width_percent=”100″ position_vertical=”middle” align_horizontal=”align_right” gutter_size=”3″ override_padding=”yes” column_padding=”2″ overlay_alpha=”50″ border_color=”color-gyho” border_style=”solid” shift_x=”0″ shift_y=”0″ shift_y_down=”0″ z_index=”0″ medium_width=”2″ align_mobile=”align_center_mobile” mobile_width=”0″ width=”3/12″ css=”.vc_custom_1495102345881{border-right-width: 1px !important;}”][vc_custom_heading heading_semantic=”h6″ text_size=”fontsize-160000″ text_transform=”uppercase” text_space=”fontspace-135905″ uncode_shortcode_id=”878989″]Brussels[/vc_custom_heading][/vc_column_inner][vc_column_inner column_width_percent=”100″ position_vertical=”middle” gutter_size=”3″ override_padding=”yes” column_padding=”2″ overlay_alpha=”50″ shift_x=”0″ shift_y=”0″ shift_y_down=”0″ z_index=”0″ medium_width=”6″ align_mobile=”align_center_mobile” mobile_width=”0″ width=”9/12″][vc_custom_heading heading_semantic=”h3″ text_size=”fontsize-155944″ uncode_shortcode_id=”182262″]Shaping the Future of Crypto Regulation[/vc_custom_heading][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row row_height_percent=”0″ override_padding=”yes” h_padding=”2″ top_padding=”5″ bottom_padding=”5″ overlay_alpha=”50″ gutter_size=”4″ column_width_percent=”100″ shift_y=”0″ z_index=”0″ el_class=”inverted-device-order”][vc_column column_width_percent=”100″ position_horizontal=”left” position_vertical=”middle” gutter_size=”3″ overlay_alpha=”50″ shift_x=”0″ shift_y=”0″ shift_y_down=”0″ z_index=”0″ medium_width=”4″ mobile_width=”0″ width=”1/2″][vc_custom_heading text_color=”color-jevc” heading_semantic=”h6″ text_size=”fontsize-160000″ text_transform=”uppercase” text_space=”fontspace-135905″ uncode_shortcode_id=”952910″ text_color_type=”uncode-palette”]July 10 2024, Brussels[/vc_custom_heading][vc_custom_heading heading_semantic=”h3″ text_size=”fontsize-155944″ subheading=”The fourth event in this series took place on July 10, 2024, in Brussels. This roundtable, held in cooperation with the European Commission and sponsored by Apco and Crystal Intelligence in cooperation with the Web3 Foundation, brought together a diverse group of experts to discuss key issues related to the implementation of MiCAR.” uncode_shortcode_id=”414529″]Insights from the MiCA Roundtable in Brussels[/vc_custom_heading][vc_button border_animation=”btn-ripple-out” border_width=”0″ uncode_shortcode_id=”146208″ link=”url:http%3A%2F%2Fvalidvent.com%2Fwp-content%2Fuploads%2F2024%2F08%2FMiCAR-Roundtables-Expert-Series-_Brussels-_-Consolidated-report-.docx-3.pdf”]Download Report[/vc_button][vc_separator sep_color=”,Default”][/vc_column][vc_column column_width_percent=”100″ gutter_size=”3″ overlay_alpha=”50″ shift_x=”0″ shift_y=”0″ shift_y_down=”0″ z_index=”0″ medium_width=”4″ mobile_width=”0″ width=”1/2″ el_class=”inverted-device-order”][vc_single_image media=”132263″ media_width_percent=”100″ alignment=”right” uncode_shortcode_id=”613177″][/vc_column][/vc_row][vc_row unlock_row_content=”yes” row_height_percent=”0″ override_padding=”yes” h_padding=”0″ top_padding=”4″ bottom_padding=”4″ overlay_alpha=”100″ gutter_size=”100″ column_width_percent=”100″ shift_y=”0″ z_index=”0″ style=”inherited” uncode_shortcode_id=”137741″][vc_column column_width_percent=”100″ align_horizontal=”align_center” gutter_size=”3″ overlay_alpha=”50″ shift_x=”0″ shift_y=”0″ medium_width=”0″ zoom_width=”0″ zoom_height=”0″ width=”1/1″][vc_gallery el_id=”gallery-958453445″ type=”carousel” random=”yes” medias=”132279,132280,132282,132283,132284,132263,132285″ carousel_lg=”5″ carousel_md=”3″ carousel_sm=”1″ thumb_size=”one-one” gutter_size=”1″ media_items=”media,icon” carousel_interval=”3000″ carousel_navspeed=”400″ carousel_dots=”yes” carousel_dots_mobile=”yes” carousel_dots_inside=”yes” carousel_dot_padding=”2″ stage_padding=”0″ single_overlay_opacity=”50″ single_text_anim_type=”btt” single_h_align=”center” single_padding=”2″ single_icon=”fa fa-search3″ single_border=”yes” single_css_animation=”bottom-t-top” single_animation_delay=”200″ lbox_caption=”yes” no_double_tap=”yes” carousel_rtl=”” single_title_uppercase=”” single_title_bold=”” single_title_serif=”” onclick=”link_image” custom_links_target=”_self” items=”eyI4ODY4X2kiOnsic2luZ2xlX3dpZHRoIjoiNCIsInNpbmdsZV9oZWlnaHQiOiI0In0sIjg4NjJfaSI6eyJzaW5nbGVfd2lkdGgiOiI0Iiwic2luZ2xlX2hlaWdodCI6IjQifSwiODg2MF9pIjp7InNpbmdsZV93aWR0aCI6IjQifX0=” single_half_padding=”” single_no_background=”” uncode_shortcode_id=”110735″][/vc_column][/vc_row][vc_row row_height_percent=”0″ override_padding=”yes” h_padding=”2″ top_padding=”5″ bottom_padding=”5″ overlay_alpha=”50″ gutter_size=”4″ column_width_percent=”100″ shift_y=”0″ z_index=”0″ top_divider=”gradient” uncode_shortcode_id=”915350″][vc_column column_width_percent=”100″ gutter_size=”3″ font_family=”font-955596″ overlay_alpha=”50″ shift_x=”0″ shift_y=”0″ shift_y_down=”0″ z_index=”0″ medium_width=”0″ mobile_width=”0″ css_animation=”alpha-anim” animation_speed=”1000″ width=”4/12″ uncode_shortcode_id=”153526″][vc_custom_heading heading_semantic=”h3″ text_font=”font-955596″ text_size=”fontsize-155944″ text_weight=”500″ uncode_shortcode_id=”202121″]Key Highlights[/vc_custom_heading][vc_column_text uncode_shortcode_id=”187440″][/vc_column_text][/vc_column][vc_column width=”1/12″][/vc_column][vc_column column_width_percent=”100″ gutter_size=”2″ font_family=”font-955596″ overlay_alpha=”50″ shift_x=”0″ shift_y=”0″ shift_y_down=”0″ z_index=”0″ medium_width=”0″ mobile_width=”0″ css_animation=”alpha-anim” animation_speed=”1000″ width=”7/12″ uncode_shortcode_id=”876318″][vc_accordion typography=”advanced” sign=”plus” gutter_simple=”1″ no_h_padding=”yes” titles_font=”font-955596″ titles_size=”h4″ titles_weight=”500″ uncode_shortcode_id=”118970″ active_tab=”0″][vc_accordion_tab gutter_size=”2″ column_padding=”2″ title=”Disclosures & Whitepapers” tab_id=”1665420124-1-8616668891879051717695163614″][vc_column_text uncode_shortcode_id=”194838″]The discussion on disclosures and whitepapers, led by Beata Sivak from Kraken, focused on the challenges associated with the scope, timelines, and liabilities of MiCA’s disclosure requirements. The roundtable emphasized the need for clear definitions regarding the scope of whitepapers, especially for decentralized assets and assets with no issuer. Participants discussed the feasibility and reliability of environmental disclosures required before whitepapers, and the liability issues tied to the preparation and use of whitepapers. The need for comprehensive regulatory guidance to address these challenges was highlighted.[/vc_column_text][/vc_accordion_tab][vc_accordion_tab gutter_size=”2″ column_padding=”2″ title=”Supervision under MiCA: Significant Issuers and CASPs” tab_id=”1665420124-2-016668891879051717695163614″][vc_column_text uncode_shortcode_id=”320928″]Romena Urbonaite from Bitpanda highlighted the complexities and challenges of harmonizing supervision across EU member states. The discussion centered on the need for consistent supervisory practices, the potential benefits of centralized EU-level supervision, and the importance of clear criteria for significant CASPs to ensure effective regulatory oversight.[/vc_column_text][/vc_accordion_tab][vc_accordion_tab gutter_size=”2″ column_padding=”2″ title=”Reverse Solicitation Requirements” tab_id=”efe01523-2776-616668891879051717695163614″][vc_column_text uncode_shortcode_id=”552344″]Roeland Van der Stappen from the Swiss Finance Council led the discussion on reverse solicitation requirements. The primary focus was ensuring EU consumers engage with authorized CASPs. The roundtable explored the broad interpretation of solicitation, the challenges for third-country firms, and the need for a clear nexus between brand marketing and specific crypto asset services or products to maintain a level playing field.

[/vc_column_text][/vc_accordion_tab][/vc_accordion][/vc_column][/vc_row][vc_row][vc_column width=”1/1″][vc_custom_heading heading_semantic=”h3″ text_font=”font-955596″ text_size=”fontsize-155944″ text_weight=”500″ uncode_shortcode_id=”205685″]Primary Calls to Action[/vc_custom_heading][/vc_column][/vc_row][vc_row row_height_percent=”0″ override_padding=”yes” h_padding=”2″ top_padding=”3″ bottom_padding=”3″ overlay_alpha=”100″ gutter_size=”4″ column_width_percent=”100″ shift_y=”0″ z_index=”0″ style=”inherited” uncode_shortcode_id=”369721″][vc_column column_width_use_pixel=”yes” position_horizontal=”left” gutter_size=”3″ overlay_alpha=”50″ shift_x=”0″ shift_y=”0″ shift_y_down=”0″ z_index=”0″ medium_width=”0″ mobile_width=”0″ zoom_width=”0″ zoom_height=”0″ width=”1/2″ column_width_pixel=”600″ uncode_shortcode_id=”161929″][vc_icon position=”left” title_aligned_icon=”yes” icon=”fa fa-tick” background_style=”fa-rounded” text_size=”h4″ linked_title=”yes” add_margin=”yes” no_hover=”” title=”Supervision under MiCA: Significant Issuers and CASPs” link=”|||” uncode_shortcode_id=”447227″]Harmonize supervisory practices across all EU member states, standardizing administrative penalties and supervisory powers to prevent regulatory arbitrage.[/vc_icon][vc_icon position=”left” title_aligned_icon=”yes” icon=”fa fa-tick” background_style=”fa-rounded” text_size=”h4″ linked_title=”yes” add_margin=”yes” no_hover=”” title=”Reverse Solicitation Requirements” link=”|||” uncode_shortcode_id=”201061″]Establish a clear nexus between brand marketing and specific crypto asset services or products to ensure fair application of reverse solicitation rules.[/vc_icon][/vc_column][vc_column width=”1/2″][vc_icon position=”left” title_aligned_icon=”yes” icon=”fa fa-tick” background_style=”fa-rounded” text_size=”h4″ linked_title=”yes” add_margin=”yes” no_hover=”” title=”Disclosures & Whitepapers” link=”|||” uncode_shortcode_id=”169448″]Develop a liability framework for whitepapers that clearly distinguishes the responsibilities of the preparers and users. Establish standards for third-party preparation of whitepapers and implement a streamlined notification system to ensure all parties have access to consistent information.[/vc_icon][/vc_column][/vc_row][vc_row row_height_percent=”0″ override_padding=”yes” h_padding=”2″ top_padding=”5″ bottom_padding=”5″ overlay_alpha=”50″ gutter_size=”4″ column_width_percent=”100″ shift_y=”0″ z_index=”0″][vc_column column_width_percent=”100″ gutter_size=”3″ overlay_alpha=”50″ shift_x=”0″ shift_y=”0″ shift_y_down=”0″ z_index=”0″ align_medium=”align_center_tablet” medium_width=”0″ align_mobile=”align_center_mobile” mobile_width=”0″ width=”1/1″ uncode_shortcode_id=”118081″][vc_custom_heading heading_semantic=”h3″ text_size=”h1″ uncode_shortcode_id=”143256″]Conclusion[/vc_custom_heading][vc_row_inner limit_content=””][vc_column_inner column_width_percent=”100″ gutter_size=”2″ overlay_alpha=”50″ shift_x=”0″ shift_y=”0″ shift_y_down=”0″ z_index=”0″ align_medium=”align_center_tablet” medium_width=”0″ align_mobile=”align_center_mobile” mobile_width=”0″ width=”2/3″][vc_column_text uncode_shortcode_id=”781062″]By fostering these expert discussions and implementing the recommended actions, the MiCAR Roundtable Series aims to enhance the regulatory framework for crypto-assets, promoting stability, transparency, and innovation in the digital finance sector. For more information and to participate, please contact the organizers at mariana.delaroche@validvent.com or nina.siedler@siedler.legal.[/vc_column_text][/vc_column_inner][vc_column_inner column_width_percent=”100″ position_vertical=”middle” align_horizontal=”align_center” gutter_size=”3″ overlay_alpha=”50″ shift_x=”0″ shift_y=”0″ shift_y_down=”0″ z_index=”0″ medium_width=”0″ mobile_width=”0″ width=”1/3″ uncode_shortcode_id=”131154″][vc_button size=”btn-lg” border_animation=”btn-ripple-out” outline=”yes” border_width=”0″ uncode_shortcode_id=”159019″ link=”url:http%3A%2F%2Fvalidvent.com%2Fwp-content%2Fuploads%2F2024%2F08%2FMiCAR-Roundtables-Expert-Series-_Brussels-_-Consolidated-report-.docx-3.pdf”]Download Report[/vc_button][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row]