Commission Delegated Regulation (EU) 2025/1140 Article 1: Definitions

Article 1 - Definitions

Article 1

Definitions

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For the purposes of this Regulation, the following definitions shall apply:

((1))

‘transaction’ means the conclusion of an acquisition or disposal of crypto-assets other than the crypto-assets referred to in Article 2(3) and (4) of Regulation (EU) 2023/1114;

((2))

‘undertaking a transaction’ means executing a transaction or transmitting an order for crypto-assets on behalf of a client;

((3))

‘executing a transaction’ means providing any of the following services or performing any of the following activities that result in a transaction:

((a))

reception and transmission of orders for crypto-assets on behalf of clients;

((b))

execution of orders on behalf of clients;

((c))

exchange of crypto-assets for funds or for other crypto-assets;

((d))

making an investment decision in accordance with a discretionary mandate given by a client;

((e))

transfer of crypto-assets to or from accounts.