MiCA · CELEX 02023R1114-20240109

Article 40

Verbatim text of the current consolidated version (consolidated 2024-01-09) · status: in force. Check it on EUR-Lex ↗

MiCA, Article 40(1) — Prohibition of granting interest

Issuers of asset-referenced tokens shall not grant interest in relation to asset-referenced tokens.

MiCA, Article 40(2) — Prohibition of granting interest

Crypto-asset service providers shall not grant interest when providing crypto-asset services related to asset-referenced tokens.

MiCA, Article 40(3) — Prohibition of granting interest

For the purposes of paragraphs 1 and 2, any remuneration or any other benefit related to the length of time during which a holder of asset-referenced tokens holds such asset-referenced tokens shall be treated as interest. That includes net compensation or discounts, with an effect equivalent to that of interest received by the holder of asset-referenced tokens, directly from the issuer or from third parties, and directly associated to the asset-referenced tokens or from the remuneration or pricing of other products.

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