CySEC guidance relating to crypto assets
Crypto-assets are “a type of private asset that depend primarily on cryptography and distributed ledger technology as part of their perceived or inherent value. A wide range of crypto-assets exist, including payment/exchange-type tokens (for example, the so-called virtual currencies – VC’s), investment-type tokens, and tokens applied to access a good or service (so-called ‘utility’ tokens).”1
CySEC Circular (C417) relating to crypto assets lays down the first CySEC rules around crypto assets. This Circular aims at…