Source: OJ L, 2025/299, 13.2.2025Current language: DE
- Markets in crypto-assets
Crypto-asset service provider
- RTS on continuity and regularity
Artikel 1 Begriffsbestimmungen
Summary What does Article 1 of the RTS on continuity and regularity say?
This is a short definitions article that establishes the precise meaning of two key terms used throughout the regulation.
Rather than creating entirely new concepts, it anchors one term to an existing definition in Regulation (EU) 2022/2554 and introduces a crypto-asset-specific concept relevant to the business continuity obligations that follow in subsequent articles.
Important points:
- Understand that "critical or important function" carries the same meaning as defined in Regulation (EU) 2022/2554, directly linking this regulation to that existing framework.
- A "permissionless distributed ledger" is defined as one where no single entity is in control and anyone meeting the technical requirements can participate as a node — a concept that becomes relevant when assessing business continuity risks tied to decentralised infrastructure.
- These two definitions form the interpretive foundation for the obligations placed on crypto-asset service providers across the rest of the regulation.
Springlex's summary of the article, a reading aid, not a substitute for the legal text.
Für die Zwecke dieser Verordnung bezeichnet der Ausdruck
„kritische oder wichtige Funktion“ eine kritische oder wichtige Funktion im Sinne von Artikel 3 Nummer 22 der Verordnung (EU) 2022/2554 des Europäischen Parlaments und des Rates;
„zulassungsfreier Distributed Ledger“ eine spezifische Art von Distributed Ledger, bei der keine Einrichtung Kontrolle über den Distributed Ledger hat und DLT-Netzwerkknoten von jeder Person eingerichtet werden können, die die technischen Anforderungen und die Protokolle dieses Distributed Ledgers erfüllt.
Springlex and this text is meant purely as a documentation tool and has no legal effect. No liability is assumed for its content. The authentic version of this act is the one published in the Official Journal of the European Union.
Definition
DLT-Netzwerkknoten
(En. DLT network node)
Definition
kritische oder wichtige Funktion
(En. critical or important function)
Definition
zulassungsfreier Distributed Ledger
(En. permissionless distributed ledger)
Definition
Distributed Ledger
(En. distributed ledger)
Definition
Konsensmechanismus
(En. consensus mechanism)