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Notice on Regulatory Changes and Legal Compliance

The transitional periods for the application of EU Regulation 2023/1114 (Markets in Crypto-Assets, MiCA) and EU Regulation 2023/1113 (Travel Rule for crypto-asset transfers) have either ended or are nearing their end, with varying timelines across EU Member States. Specifically:

  • Asset-Referenced Tokens (ART) and E-Money Tokens (EMT): The transitional period for these tokens under MiCA ended on June 30, 2024. Issuers and service providers must fully comply with the relevant requirements, including reserve obligations and supervisory authorization.

  • Crypto-Asset Service Providers (CASP) and Other Crypto-Assets: The full implementation of MiCA for these services and assets took effect on December 30, 2024. However, Member States may extend a transitional “grandfathering” period for existing service providers until July 1, 2026, allowing continued operations while adapting to the new regulations.

  • Travel Rule (EU 2023/1113): The regulation governing the traceability of crypto-asset transfers, requiring sender and beneficiary information, also took effect on December 30, 2024, with a potential transitional period for existing providers until July 1, 2026, depending on national regulations.

Individual Member States may amend or supplement national laws related to these regulations, either in alignment with their full implementation or independently. For example:

  • In Hungary, national regulations effective from June 30, 2024, under the supervision of the Hungarian National Bank, may impose additional requirements.

  • In Estonia and Lithuania, stricter pre-MiCA regulations have reduced the number of licensed crypto firms, but existing providers may operate under the grandfathering period until July 1, 2026.

  • In Spain, stricter national frameworks were in place before MiCA, and compliance requirements may be more rigorous.

  • In Portugal and Andorra, more lenient pre-MiCA environments existed, but MiCA’s implementation aligns them with EU standards, with potential transitional periods until July 1, 2026.

Accessing the Decentralized Smart Contract System

The decentralized smart contract system operates autonomously on the Binance Smart Chain network and can be accessed through various interfaces. If you wish to interact with this immutable, decentralized system via Mosaic Alpha (mosaicalpha.com or app.mosaicalpha.com) or via other access points, please consult with qualified legal, financial, and crypto experts before engaging with it. This is essential to ensure that your activities comply with all applicable regulations in your jurisdiction, whether you are acting as a buyer or as a basket manager.

Only engage with crypto-asset exchange services (noting that providing exchange services is a licensed activity under the MiCA Regulation, e.g., on centralized exchanges or when a service provider receives one crypto-asset and returns another) that you are legally authorized to use and that hold all necessary licenses from the relevant regulatory authority in your country.

 

Date: 2025.06.30.

Notice on Regulatory Changes and Legal Compliance

The transitional periods for the application of EU Regulation 2023/1114 (Markets in Crypto-Assets, MiCA) and EU Regulation 2023/1113 (Travel Rule for crypto-asset transfers) have either ended or are nearing their end, with varying timelines across EU Member States. Specifically:

  • Asset-Referenced Tokens (ART) and E-Money Tokens (EMT): The transitional period for these tokens under MiCA ended on June 30, 2024. Issuers and service providers must fully comply with the relevant requirements, including reserve obligations and supervisory authorization.

     

  • Crypto-Asset Service Providers (CASP) and Other Crypto-Assets: The full implementation of MiCA for these services and assets took effect on December 30, 2024. However, Member States may extend a transitional “grandfathering” period for existing service providers until July 1, 2026, allowing continued operations while adapting to the new regulations.

     

  • Travel Rule (EU 2023/1113): The regulation governing the traceability of crypto-asset transfers, requiring sender and beneficiary information, also took effect on December 30, 2024, with a potential transitional period for existing providers until July 1, 2026, depending on national regulations.

     

Individual Member States may amend or supplement national laws related to these regulations, either in alignment with their full implementation or independently. For example:

 

  • In Hungary, national regulations effective from June 30, 2024, under the supervision of the Hungarian National Bank, may impose additional requirements.

     

  • In Estonia and Lithuania, stricter pre-MiCA regulations have reduced the number of licensed crypto firms, but existing providers may operate under the grandfathering period until July 1, 2026.

     

  • In Spain, stricter national frameworks were in place before MiCA, and compliance requirements may be more rigorous.

     

  • In Portugal and Andorra, more lenient pre-MiCA environments existed, but MiCA’s implementation aligns them with EU standards, with potential transitional periods until July 1, 2026.

     

Accessing the Decentralized Smart Contract System

The decentralized smart contract system operates autonomously on the Binance Smart Chain network and can be accessed through various interfaces. If you wish to interact with this immutable, decentralized system via Mosaic Alpha (mosaicalpha.com or app.mosaicalpha.com) or via other access points, please consult with qualified legal, financial, and crypto experts before engaging with it. This is essential to ensure that your activities comply with all applicable regulations in your jurisdiction, whether you are acting as a buyer or as a basket manager.


Only engage with crypto-asset exchange services (noting that providing exchange services is a licensed activity under the MiCA Regulation, e.g., on centralized exchanges or when a service provider receives one crypto-asset and returns another) that you are legally authorized to use and that hold all necessary licenses from the relevant regulatory authority in your country.

Date: 2025.06.30.