Article 40
MiCA Article 40 β Prohibition of granting interest.
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MiCA Article 40 β Prohibition of granting interest.
Instrument
Regulation (EU) 2023/1114 (MiCA)
Source
Status
In force
Review rule
Legal-text changes require human review
Issuers of asset-referenced tokens shall not grant interest in relation to asset-referenced tokens.
Crypto-asset service providers shall not grant interest when providing crypto-asset services related to asset-referenced tokens.
For the purposes of paragraphs 1 and 2, any remuneration or any other benefit related to the length of time during which a holder of asset-referenced tokens holds such asset-referenced tokens shall be treated as interest. That includes net compensation or discounts, with an effect equivalent to that of interest received by the holder of asset-referenced tokens, directly from the issuer or from third parties, and directly associated to the asset-referenced tokens or from the remuneration or pricing of other products.
crypto-asset service β definition used in this article
crypto-asset β definition used in this article
crypto-asset β definition used in this article
issuer β definition used in this article
Guidance Note for Issuers of Asset-Referenced Tokens and E-Money Tokens β national implementation reference
Authorisation of issuers of asset-referenced tokens β national implementation reference
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