# Article 79

## Placing of crypto-assets

1. [Crypto-asset service providers](https://www.mica.wtf/definitions/definitions/mica/crypto-asset-service-provider) placing crypto-assets shall communicate the following information to the [offeror](https://www.mica.wtf/definitions/definitions/mica/offeror), to the person seeking admission to trading, or to any third party acting on their behalf, before entering into an agreement with them:

   1. the type of placement under consideration, including whether a minimum amount of purchase is guaranteed or not;
   2. an indication of the amount of transaction fees associated with the proposed placing;
   3. the likely timing, process and price for the proposed operation;
   4. information about the targeted purchasers.

   [Crypto-asset service](https://www.mica.wtf/definitions/definitions/mica/crypto-asset-service) providers placing crypto-assets shall, before placing those crypto-assets, obtain the agreement of the [issuers](https://www.mica.wtf/definitions/definitions/mica/issuer) of those crypto-assets or any third party acting on their behalf as regards the information listed in the first subparagraph.
2. [Crypto-asset](https://www.mica.wtf/definitions/definitions/mica/crypto-asset) service providers’ rules on conflicts of interest referred to in [Article 72](/mica/title-v-authorisation-and-operating-conditions-for-crypto-asset-service-providers-art.-59-85/chapter-2/article-72.md)(1) shall have specific and adequate procedures in place to identify, prevent, manage and disclose any conflicts of interest arising from the following situations:
   1. [crypto-asset service providers](https://www.mica.wtf/definitions/definitions/mica/crypto-asset-service-provider) place the crypto-assets with their own [clients](https://www.mica.wtf/definitions/definitions/mica/client);
   2. the proposed price for [placing of crypto-assets](https://www.mica.wtf/definitions/definitions/mica/placing-of-crypto-assets) has been overestimated or underestimated;
   3. incentives, including non-monetary incentives, are paid or granted by the [offeror](https://www.mica.wtf/definitions/definitions/mica/offeror) to [crypto-asset service](https://www.mica.wtf/definitions/definitions/mica/crypto-asset-service) providers.


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