Artikel 17 Identifizierung des Anbieters von Kryptowerte-Dienstleistungen, der Aufträge und Geschäfte tätigt

This article focuses on how crypto-asset service providers must identify themselves within the records they are required to maintain under this regulation.

It sets out a clear requirement around the use of a standardised legal entity identifier, tying into the broader record-keeping framework established across the regulation by specifying the format and validity of the identifier used to represent the provider itself in those records.

Important points:

• Ensure your firm is identified in all required records using a legal entity identifier that complies with the ISO 17442 standard and is included in the Global LEI database.
• The legal entity identifier must be correct, meaning an outdated or lapsed identifier does not satisfy this obligation.
• Renew the reference data linked to your legal entity identifier in accordance with the terms of an accredited Local Operating Unit of the Global Legal Entity Identifier System.