> For the complete documentation index, see [llms.txt](https://www.mica.wtf/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://www.mica.wtf/mica/title-v-authorisation-and-operating-conditions-for-crypto-asset-service-providers-art.-59-85/chapter-2/article-70.md). # Article 70 | | | | --------------- | ------------------------------------------------------------------------------- | | **Instrument** | Regulation (EU) 2023/1114 (MiCA) | | **Source** | [EUR-Lex](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32023R1114) | | **Status** | In force | | **Review rule** | Legal-text changes require human review | ### Safekeeping of clients’ crypto-assets and funds 1. [Crypto-asset service providers](https://www.mica.wtf/definitions/definitions/mica/crypto-asset-service-provider) that hold crypto-assets belonging to [clients](https://www.mica.wtf/definitions/definitions/mica/client) or the means of access to such crypto-assets shall make adequate arrangements to safeguard the ownership rights of clients, especially in the event of the [crypto-asset service provider](https://github.com/jakesenfti/micawtf/blob/main/spaces/definitions/dora/crypto-asset-service-provider.md)’s insolvency, and to prevent the use of clients’ crypto-assets for their own account. 2. Where their business models or the [crypto-asset services](https://www.mica.wtf/definitions/definitions/mica/crypto-asset-service) require holding clients’ [funds](https://www.mica.wtf/definitions/definitions/mica/funds) other than [e-money tokens](https://www.mica.wtf/definitions/definitions/mica/electronic-money-token), [crypto-asset service providers](https://www.mica.wtf/definitions/definitions/mica/crypto-asset-service-provider) shall have adequate arrangements in place to safeguard the ownership rights of clients and prevent the use of clients’ funds for their own account. 3. [Crypto-asset service](https://www.mica.wtf/definitions/definitions/mica/crypto-asset-service) providers shall, by the end of the business day following the day on which clients’ [funds](https://www.mica.wtf/definitions/definitions/mica/funds) other than [e-money tokens](https://www.mica.wtf/definitions/definitions/mica/electronic-money-token) were received, place those funds with a [credit institution](https://www.mica.wtf/definitions/definitions/mica/credit-institution) or a central bank.\ [Crypto-asset](https://www.mica.wtf/definitions/definitions/mica/crypto-asset) service providers shall take all necessary steps to ensure that clients’ [funds](https://github.com/jakesenfti/micawtf/blob/main/spaces/definitions/mica/funds.md) other than e-money tokens held with a [credit institution](https://www.mica.wtf/definitions/definitions/mica/credit-institution) or a central bank are held in an account separately identifiable from any accounts used to hold funds belonging to the [crypto-asset service](https://github.com/jakesenfti/micawtf/blob/main/spaces/definitions/mica/crypto-asset-service.md) providers. 4. [Crypto-asset](https://www.mica.wtf/definitions/definitions/mica/crypto-asset) service providers may themselves, or through a third party, provide [payment services](https://www.mica.wtf/definitions/definitions/mica/payment-services) related to the [crypto-asset service](https://github.com/jakesenfti/micawtf/blob/main/spaces/definitions/mica/crypto-asset-service.md) they offer provided that the [crypto-asset service provider](https://github.com/jakesenfti/micawtf/blob/main/spaces/definitions/dora/crypto-asset-service-provider.md) itself, or the third party, is authorised to provide those services under Directive (EU) 2015/2366.\ Where [payment services](https://www.mica.wtf/definitions/definitions/mica/payment-services) are provided, [crypto-asset](https://github.com/jakesenfti/micawtf/blob/main/spaces/definitions/mica/crypto-asset.md) service providers shall inform their [clients](https://www.mica.wtf/definitions/definitions/mica/client) of all of the following: 1. the nature and terms and conditions of those services, including references to the applicable national law and to the rights of clients; 1. whether those services are provided by them directly or by a third party. 5. Paragraphs 2 and 3 of this Article shall not apply to [crypto-asset](https://github.com/jakesenfti/micawtf/blob/main/spaces/definitions/mica/crypto-asset.md) service providers that are [electronic money institutions](https://www.mica.wtf/definitions/definitions/mica/electronic-money-institution), [payment institutions](https://www.mica.wtf/definitions/definitions/mica/payment-institution) or credit institutions. *** **Level 2 instruments** * [Commingling client assets](/eu-level/q-and-a/esma-qa-2578-commingling-client-assets.md) — Q\&A ### Related * [crypto-asset service provider](https://github.com/jakesenfti/micawtf/blob/main/spaces/definitions/dora/crypto-asset-service-provider.md) — definition used in this article * [crypto-asset service provider](https://github.com/jakesenfti/micawtf/blob/main/spaces/definitions/mica/crypto-asset-service-provider.md) — definition used in this article * [crypto-asset service provider](https://github.com/jakesenfti/micawtf/blob/main/spaces/definitions/tofr/crypto-asset-service-provider.md) — definition used in this article * [crypto-asset service](https://github.com/jakesenfti/micawtf/blob/main/spaces/definitions/mica/crypto-asset-service.md) — definition used in this article * [credit institution](https://github.com/jakesenfti/micawtf/blob/main/spaces/definitions/crr/credit-institution.md) — definition used in this article * [credit institution](https://github.com/jakesenfti/micawtf/blob/main/spaces/definitions/dora/credit-institution.md) — definition used in this article * [credit institution](https://github.com/jakesenfti/micawtf/blob/main/spaces/definitions/mica/credit-institution.md) — definition used in this article * [electronic money](https://github.com/jakesenfti/micawtf/blob/main/spaces/definitions/emd2/electronic-money.md) — definition used in this article --- # Agent Instructions This documentation is published with GitBook. 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