Source: OJ L, 2025/296, 13.2.2025

Article 7 Évaluation au fond d’un livre blanc sur les crypto-actifs

Summary What does Article 7 of the RTS on crypto-asset white paper approval say?

This article acts as a gateway provision, establishing the precise trigger point at which the competent authority moves from procedural handling into the substantive review of the crypto-asset white paper.

It directly follows the ECB consultation phase set out in earlier articles, making clear that the competent authority's full assessment of the white paper against the requirements of Article 19 of Regulation (EU) 2023/1114 can only begin once the ECB (or relevant central bank) has either issued a positive opinion or allowed its 20 working day window to pass without doing so.

Important points:

Competent authorities are required to carry out a substantive assessment of the crypto-asset white paper only after the ECB or relevant central bank consultation phase is resolved.
The trigger for this assessment is either a positive ECB opinion or the expiry of the 20 working day period without any opinion being issued.
The substantive assessment is conducted against the requirements of Article 19 of Regulation (EU) 2023/1114.

Springlex's summary of the article, a reading aid, not a substitute for the legal text.

À la suite d’un avis favorable de la BCE ou, le cas échéant, de la banque centrale concernée au sens de l’article 17, paragraphe 5, premier alinéa, du règlement (UE) 2023/1114, ou lorsque le délai de 20 jours ouvrables prévu à l’article 17, paragraphe 5, deuxième alinéa, dudit règlement expire sans que la BCE ou la banque centrale concernée ait émis un avis, l’autorité compétente procède à une évaluation au fond du livre blanc sur les crypto-actifs au regard des exigences prévues à l’article 19 dudit règlement.

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