With the entry into force of Regulation (EU) 2023/1114 on Markets in Crypto-Assets (MiCA), the European Union has introduced a harmonised regulatory framework that will govern the issuance, public offering, and admission to trading of crypto-assets, as well as related services. This marks a significant step forward for the entire sector, aimed at ensuring greater transparency, consumer protection, and market stability.
We are fully committed to responsibly and diligently aligning with this new regulatory framework. This article aims to inform our users about the steps we have taken in compliance with Article 45, paragraph 5, of Legislative Decree No. 129/2024—the legislative decree aligning national regulations with the MiCA Regulation—while also reassuring them of the continuity of our services and the absence of any immediate changes to their experience.
What Article 45, Paragraph 5 of Legislative Decree 129/2024 Provides
Article 45, paragraph 1 of Legislative Decree No. 129/2024 establishes a transitional regime for entities already operating legally within the European Union before the Regulation comes into force, namely 30 December 2024.
In practical terms, this provision allows entities already active in the sector to continue providing their services without interruption until 30 December 2025, even if they have not yet obtained the new authorisation required by MiCA, provided that they submit their application for authorisation by 30 June 2025.
This rule aims to ensure a smooth transition to the new regime, avoiding sudden disruptions for operators and inconvenience for end users.
Our Commitment to Compliance
In compliance with the MiCA Regulation and Article 45, paragraph 5, of Legislative Decree No. 129/2024, we wish to officially communicate our intention to fully align with the new European regulatory framework, particularly with the MiCA Regulation.
We have already initiated all the necessary activities to prepare our application for authorisation, which we will shortly submit to the competent Authority. This process includes adapting our internal procedures, organisational requirements, and risk management policies to the new regulatory framework.
Our legal and compliance teams are working diligently to ensure we meet all MiCA requirements, allowing us to operate lawfully and continue providing our clients with secure, reliable, and transparent services.
Initiating the Authorisation Process
We can confirm that the Company is working to submit the application for authorisation in accordance with the requirements set out by MiCA.
We will forward the necessary documentation to the competent authority in the coming weeks. This marks a crucial step in our compliance journey and reflects our dedication to operating in complete regulatory alignment, not only out of obligation but as a commitment to our users.
We would like to clarify that, pending the issuance of the authorisation, the activities carried out concerning clients will continue to be governed by the applicable legislation for providers of services related to the use of virtual currencies and digital wallet services, and are not yet subject to the provisions of the MiCA Regulation.
Service Continuity for Our Clients
We wish to reassure all our users that our services will remain fully operational throughout the entire transitional period provided for in Article 45.
There will be no disruptions to the services you are accustomed to or unilateral changes to existing contractual terms. Operational continuity is our top priority, and we will continue to uphold the quality, reliability, and security that define our service.
No Immediate Impact on User Experience
As of today, and until further notice, no substantial changes are expected in how you interact with our platform. The features, services, and terms of use will remain unchanged.
This means you can continue using our tools as usual, without taking any specific action. Any future changes will be communicated in advance and with complete transparency.
Our Commitment to Transparency and Ongoing Updates
We believe in maintaining open and transparent communication with you. That’s why we are committed to regularly informing you about the progress of our authorisation process and any regulatory developments that may affect our services.
Should any significant updates arise, you will be the first to know via our official communication channels. Our customer support team is always here to help if you have any questions or concerns.