Crypto-Asset Regulation · glossary
A token that claims a stable value by referencing something other than one currency, such as several currencies or a commodity. Its issuer must be authorised before it offers the token, and must hold a reserve of assets so that holders can be paid out. Definition: ART · Chapter 2
Explained in Chapter 2, The Map of MiCA, of Crypto-Asset Regulation.
An asset-referenced token (ART) claims a stable value by referencing something else, such as several currencies or a commodity. Its issuer must be authorised before it offers the token. It must also hold a reserve of assets, so that holders can be paid out.Read Chapter 2, The Map of MiCA →
Chapter 1 and this glossary are open to everyone; the whole edition is free to read with a free account until 31 January, and it stays open to an account opened by then.Chapter 1 of Crypto-Asset Regulation and this glossary are free to read; the rest of the edition is in the Library, at €12 a month or €79 for a Year Pass.
a crypto-asset, other than an EMT, that claims to keep a stable value by referencing another value or right or a combination of them (Article 3(1)(6));Read the definition in the document →
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