Recital 13

(13)Regulation (EU) 2023/1114 of the European Parliament and of the Council ⁵ , which applies from 30 December 2024, obliges crypto-asset service providers to safeguard their clients’ funds with a credit institution or, where such an account is available, with a central bank. In the latter case, any decision to offer accounts for the purposes of safeguarding remains at the discretion of the Eurosystem central banks. A safeguarding option at Eurosystem central banks should not be offered to crypto-asset service providers for the same reasons that it should not be offered to NB-PSPs, as well as to maintain a level playing field among the various institutions participating in the payment services market.