🚨 Will MiCA Apply to Your Business? 🚨 

🔒 Question 1: Does your business control someone else’s bitcoin?

Control over someone else's bitcoin typically involves either custody or administration. In practice, this means holding the private keys to bitcoin that has been entrusted to you.

⚠️ Businesses commonly involved in the custody or administration of bitcoin include:

— Centralised exchanges and brokers
— Custodial wallet providers

🚫 Key points to note:
— The duration of custody or administration is irrelevant; even temporary control is enough to trigger compliance obligations.
— It does not matter if custody or administration is your primary activity or a secondary aspect of your service offering.

💡 Exemption: Businesses offering non-custodial wallet services are generally not subject to these regulations.

#BitcoinDesk #MiCA #djp #BitcoinLegalAlert
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 🚨 Partnership Between DJP and Satsback.com 🚨

🎉 We are proud to announce that DJP has become the official legal advisor to @satsback  🎉

We look forward to supporting Satsback.com in its operations. This partnership marks a significant step forward in our commitment to providing expert legal guidance in the rapidly evolving Bitcoin landscape. Together, we aim to contribute to the broader adoption of Bitcoin and ensure that Satsback.com navigates the complexities of this dynamic market with confidence.

Our team at DJP is dedicated to delivering tailored legal solutions that address the unique challenges faced by organisations in the Bitcoin space. By leveraging our expertise, we will collaborate with Satsback.com to seize new opportunities for growth and innovation.

Stay tuned for more updates on our collaborative efforts!

For inquiries, please contact:
@GracjanPietras (gpietras@djp.pl)

Thank you for your attention.

#Satsback #djp #Bitcoindesk 

 🚨 **Will the MiCA Regulation Apply to Non-EU Bitcoin Firms?** 🚨
 
If you're a non-EU business providing Bitcoin-related services, the new MiCA Regulation could affect you. However, there’s an important **client-initiated** exception under Article 61 to be aware of!
 
🔑 **Key Takeaways**:
 
- No need for MiCA authorisation **if** an EU client *independently* requests your services.

- 🛑 **BUT**: You **cannot solicit or advertise** to EU clients – even indirectly – or you’ll need to comply with MiCA authorisation requirements.
 
- **Important**: Marketing new services to these clients later is also prohibited.
 
Stay informed! ESMA guidelines coming by December 2024 will provide further clarification on these rules.
 
#BitcoinDesk #MiCA #djp #BitcoinLegalAlert
 
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 Hey, Bitcoiner! Is Your Business Ready for MiCA?

The EU Markets in Crypto-Assets Regulation (MiCA) is set to come into effect soon. Are you prepared?

Ask yourself:

— Do you custody or manage Bitcoin on behalf of others?
— Do you operate a platform for trading Bitcoin?
— Do you offer services for exchanging Bitcoin to fiat or other crypto-assets?
— Do you execute, receive, or transmit Bitcoin orders for clients?
— Do you provide investment advice related to Bitcoin?
— Do you manage portfolios that include Bitcoin for others?
— Do you facilitate Bitcoin transfers on behalf of clients?

If you answered "yes" to any of these questions, it may be a good idea to investigate whether MiCA applies to your Bitcoin business. Stay informed to protect your operations!

Share this post to help fellow Bitcoiners stay informed!

#Bitcoindesk #MiCA #djp
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