DigiTalks: Implications of MiCA – the EU's Markets in Crypto-Assets Regulation
HSBC Global Viewpoint
The High Level Requirements of MICA for Crypto Asset Service Providers
MICA will require that the service provider obtains a license for providing its services. For third country firms they will need a subsidiary within the European Union to provide their services. The aim is to reach a similar level of legal certainty as for the custody of securities and client protection goes even further in case the custodial wallet provider loses the crypto assets.
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