ESMA publication of its list of grandfathering periods decided by Member States under MiCAR, 10 December 2024

On the 10^th of December 2024, the European Securities and Markets Authority published the list of grandfathering periods decided by EU Member States under Art. 143 of Regulation 2023/1114/EU (MiCAR). Art. 143(3) of MiCAR allows crypto-asset service providers (CASPs) that provided their services in accordance with applicable law before the 30^th of December 2024 to continue to do so until the 1^st of July 2026 or until they are granted or refused an authorisation pursuant to Art. 63 of MiCAR. Member States may decide not to apply this transitional regime or to reduce its duration where they consider that their national regulatory framework applicable before the 30^th of December 2024 is less strict than the MiCA one.