Virtual assets
The CSSF confirmed on 1 July 2026 that the 18-month transitional period under Article 143(3) MiCAR expired. VASPs registered under the 2004 Law can no longer provide crypto-asset services without MiCAR CASP authorisation.
ESMA issued this statement to clarify how unauthorised CASPs should wind down activities while also protecting investors after the end of the transitional period under the MiCAR on 1 July 2026.
ESMA Q&As on MiCAR
ESMA published new Q&As addressing, among others, the perimeter of advice under MiCAR compared to MiFID II, crypto-asset lending services under MiCAR, and custody/administration services.
CSSF: CASP authorisation activity
An increasing number of CASP licences are being granted in Luxembourg, with the EU CASP register now listing over 280 authorised providers.