Open on EUR-Lex ↗

Article 40 - Prohibition of granting interest

Comparing 29/06/2023 → 09/01/2024: 0 added, 0 removed, 3 changed Close comparison

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

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

3. 3. 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.

Official text · consolidated version 09/01/2024 (in force) Open full page ↗
7 queries · page built in 16 msInventory f82bbfa3