Article 8 Échange de crypto-actifs contre des fonds ou contre d’autres crypto-actifs

Summary What does Article 8 of the RTS on notification of crypto-asset service provision say?

This is a notably brief article that sets out the disclosure requirements for notifying entities intending to offer crypto-asset exchange services — that is, exchanging crypto-assets for funds or for other crypto-assets.

It directly serves Article 60(7), point (g), of MiCA (Regulation (EU) 2023/1114), and essentially requires such entities to demonstrate to the competent authority both how they conduct their business and how they determine prices for the exchanges they offer.

Important points:

If you intend to exchange crypto-assets for funds or other crypto-assets, provide the competent authority with a description of your commercial policy.
Provide the method used to determine the price of crypto-assets proposed for exchange, including how volume and market volatility factor into that pricing mechanism.
This article is limited in scope — it applies only to notifying entities providing this specific exchange service, and connects directly to Articles 77(1) and 77(2) of Regulation (EU) 2023/1114.

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

Aux fins de l’article 60, paragraphe 7, point g), du règlement (UE) 2023/1114, l’entité à l’origine de la notification qui prévoit d’échanger des crypto-actifs contre des fonds ou d’autres crypto-actifs fournit à l’autorité compétente les informations suivantes:

une description de la politique commerciale établie conformément à l’article 77, paragraphe 1, du règlement (UE) 2023/1114;
la méthode de détermination du prix des crypto-actifs que l’entité à l’origine de la notification entend échanger contre des fonds ou d’autres crypto-actifs, conformément à l’article 77, paragraphe 2, du règlement (UE) 2023/1114, y compris de l’incidence que le volume et la volatilité du marché des crypto-actifs ont sur le mécanisme de tarification.

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