Guidelines in the consultations package include criteria to be used for “deciding ‘the most relevant’ custodians of the reserve of assets, trading platforms, payment service providers providing payment services in relation to the significant EMTs and crypto-assets service providers providing custody and administration of crypto-assets on behalf of clients” as well as conditions under which ARTs and EMTs could be considered as widely used in a member state “for the purpose of determining the composition of a supervisory college” under MiCA.

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