01-30, 11:30–11:50 (Europe/Zurich), Beacon Stage
The Markets in Crypto-Assets (MiCA) regulation introduces a unified legal framework for crypto-assets within the European Union, addressing gaps in consumer protection and market stability. It establishes specific compliance requirements for Asset-Referenced Tokens (ARTs) and E-Money Tokens (EMTs), as well as for utility token and other crypto-asset issuers.
ARTs, designed to maintain value stability by referencing multiple assets, must comply with stringent rules regarding collateralization, governance, and disclosure. Issuers are required to ensure proper reserves, risk management practices, and regular reporting to regulatory authorities. Similarly, EMTs, which are tied to a single fiat currency, must align with e-money regulations, emphasizing monetary stability and operational transparency.
For utility tokens and other crypto-assets, MiCA mandates the publication of a detailed white paper. This document must outline the token's functionality, associated risks, issuance details, and mechanisms for user protection. These disclosures aim to enhance transparency and bolster investor confidence.
MiCA’s requirements seek to harmonize regulations across EU member states, fostering innovation while addressing risks. The framework is pivotal for ensuring legal clarity and enabling sustainable growth in the crypto-asset ecosystem, balancing innovation with consumer and market safeguards.
Since 2017, Ms. Petrovskaia has successfully structured over 100 web3 projects across various sectors worldwide at various stages with major focus on tokenization of real world assets like real estate, commodities, diamonds, physical and digital art; as well as SDG related projects.
With a background in international consultancy, Ms. Petrovskaia used to advise for years a diverse array of international investors, primarily from Germany, Switzerland, Austria, and Liechtenstein in CIS countries with all activities in regard to their subsidiaries, branches, joint ventures and M&A deals in the amount up to 150 Million Euro.