Home Knowledge The Central Bank’s MiCAR Authorisation and Supervision Expectations

The Central Bank's MiCAR Authorisation and Supervision Expectations

In December 2024, the Central Bank of Ireland (Central Bank) published a document (MiCAR Guidance) setting out its authorisation and supervision expectations for firms seeking authorisation to provide crypto-asset services under the EU Markets in Crypto-Assets Regulation (MiCAR).

MiCAR came into full force on 30 December 2024. The MiCAR Guidance applies to issuers of Asset-Referenced Tokens (ARTs), issuers of Electronic Money Tokens (EMTs) and firms seeking authorisation as a crypto-asset service provider (CASP).

William Fry’s Band-1-ranked Financial Regulation team is currently supporting several firms with their applications for authorisation as a CASP. The team has a strong track record of successfully and efficiently securing regulatory authorisations and registrations for a wide range of regulated FinTechs, including virtual asset service providers, payment institutions, crowdfunding service providers and one-third of the electronic money institutions authorised in Ireland to date.

Click below to read the full briefing.