Key Highlights

• MiCAR Compliance Needs: As trading platforms and offerors face the challenges of MiCA compliance, Coinbase will have access to our comprehensive full-service solution to ensure adherence to regulatory requirements, especially when it comes to white papers – especially regarding white papers.

• Expert Insights: Tim Zölitz, CEO of Crypto Risk Metrics, shares: “After ESMA’s statement on the provision of certain crypto-asset services in relation to non-MiCA compliant ARTs and EMTs, we conducted a thorough investigation of the legal requirements together with the law firm DLA Piper. This resulted in us building a specialized product for white paper compliance for the industry, which is backed by insurance from a leading German insurer with a Standard & Poor’s rating of A+. By relying on our services, we help CASPs to stay compliant, contribute to investor protection, and help avoid friction in the market.”

• Regulatory Context: ESMA’s public statement clarified the expectations for companies regarding non-compliant assets under MiCA. It emphasized that entities involved in the reception and transmission of orders, execution of orders for crypto-assets on behalf of clients, and exchange of crypto-assets for funds or other crypto assets must cease offering non-compliant assets to the public.

Source: Press release Crypto Risk Metrics

Explore Crypto Risk Metrics’ latest projects and partnerships in MiCA white paper compliance:

• First Insured Bitcoin White Paper to Comply with MiCA: Blockrise Chooses Crypto Risk Metrics
• Finoa Partners with Crypto Risk Metrics to Simplify MiCA White Paper Compliance

The post Crypto Risk Metrics Has Onboarded Coinbase for MiCA White Paper Compliance appeared first on Crypto Risk Metrics | Crypto Risk Management.

Jos Lazet, CEO of Blockrise, explains: “We are positioning ourselves as the gold standard for Bitcoin asset management – which of course comes with the duty to adhere to the respective rules and regulations at all times. With the arrival of these new regulations, we needed MiCA-compliant white papers as we offer crypto-asset services to our clients. We are happy that Crypto Risk Metrics is able to provide them for us.”

By relying on the white papers from Crypto Risk Metrics, Blockrise chose the only supplier who offers insurable white papers, enhancing consumer protection even further. 

Tim Zölitz, CEO of Crypto Risk Metrics, adds: “After the ESMA statement came out, we conducted a thorough investigation of the legal requirements with legal firm DLA Piper, both on the CASP and on our side. This resulted in us building a specialized product for white paper compliance for the industry, which is insurable by a leading German insurer with a Standard & Poor’s rating of A+, as this seems very much needed in order to avoid friction in the market. By relying on our services, we contribute to investor protection, while at the same time helping the CASPs to stay compliant and minimize liability risks.” 

ESMA’s public statement addressed the expectation from the regulator when it comes to non-compliant assets under MiCA and the interpretation of “offering” a crypto asset. It was made clear that companies providing reception and transmission of orders, execution of orders for crypto-assets on behalf of clients, and exchange of crypto-assets for funds or other crypto-assets would also be expected to ceise offering non-compliant assets to the public.

Source: Press release Crypto Risk Metrics

To gain a deeper understanding of the ESG disclosure requirements under the MiCAR regulation, explore our article on ESG Disclosure Requirements for Crypto-Asset Service Providers in Europe – Everything You Need to Know.

For further reading on our recent developments and partnerships, check out the following articles:

• Finoa Partners with Crypto Risk Metrics to Simplify MiCA White Paper Compliance
• flatexDEGIRO BANK AG Chooses Crypto Risk Metrics for Crypto ESG Data
• Clearstream Selects Crypto Risk Metrics as ESG Data Provider for Crypto-Assets
• Goobit Relies on ESG Crypto Data from Crypto Risk Metrics
• AllUnity Stablecoin Chooses Crypto Risk Metrics for ESG Data Compliance

The post First Insured Bitcoin White Paper to Comply with MiCA: Blockrise Chooses Crypto Risk Metrics  appeared first on Crypto Risk Metrics | Crypto Risk Management.