White papers in accordance with Title II of the Markets in Crypto-Assets Regulation (MiCAR) form the key basis for transparency and investor protection for “other” crypto-assets. Their objective is to enable investors to clearly identify the opportunities and risks of a project. Providers should lay out their publications in a consistent, complete and non-misleading manner. Since MiCAR has applied, the FMA’s practice in supervision has revealed a range of recurring issues regarding interpretation and implementation.
A new information series for supervised entities
Let’s talk about supervision – is the Austrian Financial Market Authority’s new regular information series for supervised entities. This format is intended for covering new areas of supervision as well as thematic areas where a need for explanation has been detected in the market. Relevant thematically-specific information is intended to be communicated in a quick and easy to understand manner, to create greater clarity as well as contributing towards ensuring that supervisory standards are observed. All editions published to date may be found here (in German only).