The contribution, starting from the need to outline a harmonised regulatory framework for crypto-assets at EU level, offers an examination of the general obligations applicable to all crypto-asset service providers. The regulation, articulated between consumer protection rules and rigorous requirements in terms of organisation, is presented as a technological version of MiFID II, by which is clearly influenced at different points. The Regulation on Markets in Crypto-assets, dedicated to crypto-assets which cannot be descrive as former MiFID II financial instruments, seems to outline a parallel regulatory system to MiFID II, which is completed, however, with the essential reminder of the proposal for a regulation on Digital Resilience Operation Act (DORA) in the financial sector, which becomes a topic of estreme importance for the purposes of a well functioning single technological market for financial services.

Marco normativo armonizado sobre los proveedores de servicios de criptoactivos, reglas de comportamiento destinadas a proteger al cliente y requisitos organizativos. The harmonised regulatory framework for crypto-asset service providers between consumer protection rules and organisational requirements.

Maria-Teresa Paracampo
2021-01-01

Abstract

The contribution, starting from the need to outline a harmonised regulatory framework for crypto-assets at EU level, offers an examination of the general obligations applicable to all crypto-asset service providers. The regulation, articulated between consumer protection rules and rigorous requirements in terms of organisation, is presented as a technological version of MiFID II, by which is clearly influenced at different points. The Regulation on Markets in Crypto-assets, dedicated to crypto-assets which cannot be descrive as former MiFID II financial instruments, seems to outline a parallel regulatory system to MiFID II, which is completed, however, with the essential reminder of the proposal for a regulation on Digital Resilience Operation Act (DORA) in the financial sector, which becomes a topic of estreme importance for the purposes of a well functioning single technological market for financial services.
2021
978-84-1346-276-9
Esta aportación, partiendo de la necesidad de definir un marco normativo armonizado a nivel europeo sobre los criptoactivos, ofrece un examen de las obligaciones generales aplicables a todos los proveedores de servicios de criptoactivos. El régimen normativo, compuesto porlasreglas de comportamiento destinadas a proteger al clientey estrictos requisitos organizativos, se presenta como una versión tecnológica de laMiFID II, que sin lugar a dudas lo influencia en diferentes aspectos. La Propuesta MiCA, centrada en los criptoactivos que no se consideran instrumentos financieros, ex MiFID II, parece delinear un sistema normativo paralelo a la MiFID II, sin embargo, se completa con la inevitable referencia a la Propuesta de Reglamento Europeo sobre la Resiliencia Operativa Digital del sector financiero (DORA), que se convierte en un tema desuma importancia para el buen funcionamiento del mercado único tecnológico de los servicios financieros.
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11586/371003
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