Highgate Crypto

📊 MiCA requires that the minimum amount of the issuer's own funds in the asset reference tokens (ART) has to, at all times, be equal to an amount of at least the highest of the following: 1️⃣ EUR 350 000; 2️⃣ 2 % of the average amount of the reserve of assets, i.e. the average amount of the reserve assets at the end of each calendar day, calculated over the preceding six months. If the issuer offers more than one ART, this amount is the sum of the average amount of the reserve assets backing each ART; or 3️⃣ a quarter of the fixed overheads of the preceding year. This minimum amount of the issuer's own funds may be increased upon the request of the competent authority of the ART's issuer home EU member state, e.g. based on the result of the stress testing the ART's issuer. The aim of the own fund requirements is to address the risks to the financial stability of the wider financial system. 💡 Stay informed about MiCA, its implications and follow us. #MiCA #MiCARegulations #FinancialStability #DigitalAssets

💡 How to legally mitigate Slovak tax burden in relation to income derived from crypto? ?   Watch the webinar with Peter Varga to guide you, including:   ➡ several practical tips on reducing the tax burden on crypto sale proceeds; ➡ drawing boundaries beyond which optimization can already be considered tax and insurance evasion; ➡ comparing a number of foreign jurisdictions, both EU and non-EU, in terms of taxation and how they can be used in practice; ➡ an infrastructure for the exchange of information between tax authorities and exchanges; ➡ and other practical tips.   Don't miss the opportunity to gain valuable know-how and insight that can save you not only stress but also money. ❌💸   📢 First 100 tickets at a discounted price!   👉 Registration and more information: https://lnkd.in/eGuEFRUN #webinar #tax #crypto

On October 24, 2024, we organized the Conference on Crypto-assets, which brought together more than 160 participants from various sectors – entrepreneurs, advisors, government representatives, as well as investors and crypto-asset enthusiasts. This conference created a unique space to discuss ✅ Regulatory challenges ✅ Tax and legal aspects ✅ As well as technical and investment issues that are key to the crypto-asset business. 📖 Want to dive deeper into the conference highlights? Our colleagues, Roman Baranec and Radoslav Gulassa, experts in financial regulation and crypto-assets, have summarized the key takeaways in a concise article. 👉 https://lnkd.in/ekRPE3qq Follow us to stay updated on the latest insights from the world of crypto-assets and regulations.

🌐 Virtual asset service providers authorized to provide crypto-asset services under the national legislation of their home member state cannot provide these services in another member state unless the national law of that member state allows it. ⚖️ This will not change with the MiCA transition period starting 📅 from 30 December 2024. ✅ Only fully licensed CASPs (and notified financial institutions) will be able to provide crypto-asset services in entire European Union.  💡 Follow us to stay updated on the latest insights from the world of crypto-assets and regulations. Peter Varga Highgate Crypto #MiCA #CryptoRegulation #DigitalAssets

📜 Under MiCA, only CASPs and certain financial entities will be authorized to provide crypto-asset services. 📌 ESMA, in its Q&A, stated that MiCA does not provide a regulatory framework for agents acting on behalf of CASPs. ⚠️ What does this mean? It will not be possible for CASP to create a network of agents that would transmit orders from clients to CASP, where those agents don't have full MiCA licences (i.e. as the CASP does), or are not notified financial institutions. Roman Baranec Highgate Crypto #MiCARegulation #CryptoCompliance #DigitalAssets #FinancialServices

🌍📈 Under the EuVECA (European Venture Capital Funds) regulation, qualifying venture capital funds must invest at least 70% of their aggregate capital contributions and uncalled committed capital in assets known as "qualifying investments." 🚀💸 Interestingly, EuVECA funds have the flexibility to allocate up to 30% of their portfolio to assets that fall outside these qualifying investments. This provides an opportunity to diversify into various asset classes, including crypto-assets regulated by MiCA). 📝✅ Before making any investment decision, investors have the right to be fully informed about the assets in which the fund can invest. This transparency is ensured through the fund’s investment policy, giving investors confidence in understanding the fund’s approach and asset allocation. 🔎💡 Curious about what other investment funds may invest in crypto-assets? Let’s connect and find out! #VentureCapital #EuVECA #InvestmentFunds #CryptoAssets #MiCA #InvestmentStrategy

💡 You probably know that you can avoid the financial transaction tax by using some "stablecoins". But did you also know that from 2025 some stablecoins will be taxed twice as a result of an under-appreciated amendment to the Income Tax Act?   This is yet another reason why we must be glad we are part of the EU (because we can't write some of these rules ourselves). This is also what we, as Highgate, were talking about at our conference on crypto regulation and taxation. 🎬 Watch the video from this event, which took place on 24 October 2024 at the Radisson Blu Carlton Hotel.   🗨 Experts from the NBS (Peter Penzes, Boris Suchovský), financial institutions, and other experts on this topic (Peter Varga, Roman Baranec, Vladimír Gaduš, Peter Howitt, Petros Rialas (BA, MSc, FCCA), Miloslav Makovini, CAMS, Ivan Melay, CFA, and others) shared their perspectives on key topics that resonate in the crypto world - from taxation and licensing proceedings before the NBS to tracking fraud and setting up investment structures.   🙏 Thank you to all the speakers and attendees for their contributions and for creating a great atmosphere.

🔎 The issuance of e-money tokens (EMT) is heavily restricted by MiCA. Unlike asset reference tokens or crypto-assets other than asset-referenced tokens and e-money tokens, EMT cannot be issued by a legal person which is not a financial institution. 👉 Under MiCA, all e-money tokens are considered electronic money and, therefore, can be issued only by credit or electronic money institutions. 👉 However, there is an exemption similar to that for electronic money, i.e. for issuers of e-money tokens that qualify as instruments complying with the so called "limited network exclusion" under PSD 2.  #MiCA #CryptoRegulation #Blockchain #PSD2 #CryptoLaw

#MiCA regulates two types of stablecoins: 👉 asset reference tokens (ART), and 👉 e-money tokens (EMT). 🚫In both cases, it is strictly prohibited for issuers to grant interest to holders of such tokens or by crypto-asset service providers when providing crypto-asset services related to such tokens. This prohibition is aimed at reducing the risk that such tokens are used as a store of value. 🔒📉. #Crypto #CryptoRegulation #Stablecoins #DigitalAssets

💬 In the last panel of our Thursday conference, moderated by Peter Varga, we welcomed our international guests, Miloslav Makovini, CAMS from INCORPORTAS, representing the United Arab Emirates; Peter Howitt from Ramparts, representing Gibraltar; Petros Rialas (BA, MSc, FCCA) from Totalserve Group, representing Cyprus; and Michal Hanych from smpl_ for the Czech Republic. 💡Together, they discussed the tax regimes that apply to crypto-assets, as well as the specific regulatory regimes in their respective jurisdictions. 🙌 Thank you for serving as a discussant and for providing a very informative and valuable discussion. #Crypto #CryptoAssets #TaxRegulation #CryptoLaw #TaxRegimes #Blockchain