In April 2023, the European Parliament adopted a regulation on markets in crypto-assets, the so-called MiCA (Markets in Crypto-Assets), which sets a legal framework for crypto-assets across the EU. Crypto-assets, as a digital expression of value or rights that can be transferred and stored electronically using distributed transaction database technology or similar technology, have enjoyed increased popularity over the past decade, with current trends indicating a continuation of the established pace of expansion of the field. Generally, crypto-assets can be divided into crypto-assets expressing value and crypto-assets expressing rights. Crypto-assets expressing value are most often used as means of payment or investment instruments. In the case of so-called cryptocurrencies or tokens backed by assets (so-called stablecoins), one can observe overlap crypto-asset are tokens backed by money (so-called e-money tokens or electronic money tokens). Utility tokens and non-fungible tokens (so-called NFT) are a special group of crypto-assets that primarily express rights.
Hronček & Partners, s. r. o.
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