Dieser Beitrag erschien zuerst als Blogbeitrag bei FIN LAW.
Die Markets in Crypto Assets Regulation (MiCA) wird ab dem 30. Dezember 2024 zahlreiche Aktivitäten als Kryptodienstleistungen regulieren. Deutsche Anbieter von Kryptodienstleistungen werden dann nicht ohne eine entsprechende BaFin Lizenz agieren dürfen, soweit ihr Geschäft nicht unter einen in der MiCA geregelten Ausnahmetatbestand fällt. Eine der künftig über die MiCA regulierten Kryptodienstleistungen ist die Beratung zu Kryptowerten. Die Formulierung der Kryptodienstleistung als solche lässt zunächst offen, welche konkreten Beratungsleistungen von der Erlaubnispflicht und damit von dem Erfordernis einer BaFin Lizenz erfasst sein werden.
Die MiCA enthält insoweit jedoch eine Definition, die mehr Klarheit bringt. Danach fällt unter die Beratung zu Kryptowerten das Angebot oder die Abgabe personalisierter Empfehlungen an Kunden oder die Vereinbarung der Abgabe solcher Empfehlungen auf Ersuchen des Kunden oder auf…
Weitere Quellen
– [BaFin](https://en.wikipedia.org/wiki/Federal_Financial_Supervisory_Authority) – The Federal Financial Supervisory Authority is the competent authority for financial markets in Germany, including the regulation of cryptocurrencies.
– [MiCA](https://en.wikipedia.org/wiki/Markets_in_Crypto-Assets_Regulation) – Markets in Crypto-Assets Regulation is an EU regulation proposal that aims to regulate cryptocurrencies and digital assets, including the provision of investment advice.
– [ESMA](https://en.wikipedia.org/wiki/European_Securities_and_Markets_Authority) – The European Securities and Markets Authority is an EU authority that contributes to the regulation and supervision of financial markets, including the regulation of cryptocurrencies.
– [Bundesbank](https://en.wikipedia.org/wiki/Deutsche_Bundesbank) – The Deutsche Bundesbank is the central bank of Germany and may play a role in the regulation of cryptocurrencies and financial markets.
– [MiFID II](https://en.wikipedia.org/wiki/Markets_in_Financial_Instruments_Directive_2004) – Markets in Financial Instruments Directive II is an EU directive that regulates investment services and activities, including investment advice, in financial instruments such as cryptocurrencies.
– [European Commission](https://en.wikipedia.org/wiki/European_Commission) – The European Commission is the executive branch of the European Union and plays a key role in proposing and drafting EU regulations, including regulations on cryptocurrencies and digital assets.
– [German Securities Trading Act](https://en.wikipedia.org/wiki/German_Securities_Trading_Act) – The German Securities Trading Act regulates securities trading and financial markets in Germany, including the provision of investment advice.
– [German Banking Act](https://en.wikipedia.org/wiki/German_Banking_Act) – The German Banking Act regulates banking activities in Germany, including activities related to cryptocurrencies and financial advice.
– [Financial Markets Stabilization Act](https://en.wikipedia.org/wiki/Financial_Market_Stabilisation_Act) – The Financial Market Stabilisation Act is a German law that provides measures to stabilize financial markets in times of crisis, which may have implications for the regulation of cryptocurrencies and investment advice.
– [SEC](https://en.wikipedia.org/wiki/U.S._Securities_and_Exchange_Commission) – The U.S. Securities and Exchange Commission is a regulatory agency that oversees and regulates the securities industry in the United States, including cryptocurrencies and investment advice.
