Consultation
Markets in Crypto Assets Regulation (EU) 2023/1114: Public consultation on the exercise of national discretions
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The Minister for Finance Michael McGrath TD has today announced the launch of a public consultation on the exercise of national discretions contained within the Markets in Crypto Assets Regulation (MICAR) (EU) 2023/1114.
The Markets in Crypto-Assets Regulation is the first European-level legislation introducing a harmonised and comprehensive framework for crypto-assets, covering issues from the offering to the public of crypto-assets to preventing market abuse in crypto-asset markets. The legislation provides a set of prescriptive rules that will shape the functioning of the European markets in crypto-assets, including transparency rules, authorisation requirements, customer protection rules and an anti-market abuse framework. An online consultation portal is now open to allow all stakeholders to submit their views on whether and how Ireland should exercise national discretions contained within MiCAR.
The consultation period will run to 5pm, 15th September 2023 . Submissions received after this deadline will not be considered.
In responding to this consultation you are invited to:
- Give your views on the specific questions set out below. You do not have to answer every question – you may choose to answer all of the questions or only those which are relevant to you.
- Provide details of any issues or concerns you feel should be considered in dealing with the particular topic being addressed in your response.
- Where appropriate, provide some analysis or views on the regulatory and/or financial impact of the proposed approach.
How to Respond
Electronically at https://consult.finance.gov.ie/
Alternatively, you may respond by post to:
MiCAR Public Consultation,
Financial Advisory,
Department of Finance,
1 Miesian Plaza,
D02 R583,
Ireland.
Please include contact details in your response.
When responding, also please indicate whether you are contributing to the consultation process as a professional adviser, representative body, business representative or a member of the public.
ENDS