Definitions

A type of crypto asset that purports to maintain a stable value by referring to the value of several fiat currencies that are legal tender, one or several commodities or one or several crypto assets, or a combination of such assets.

A digital representation of value or rights which may be transferred and stored electronically, using distributed ledger technology or similar technology.

Any of the services and activities listed below relating to any crypto asset:

  • the custody and administration of crypto assets on behalf of third parties;
  • the operation of a trading platform for crypto assets;
  • the exchange of crypto assets for fiat currency that is legal tender;
  • the exchange of crypto assets for other crypto assets;
  • the execution of orders for crypto assets on behalf of third parties;
  • placing of crypto assets;
  • the reception and transmission of orders for crypto assets on behalf of third parties
  • providing advice on crypto assets.

Any person whose occupation or business is the provision of one or more crypto asset services to third parties on a professional basis.

Safekeeping or controlling, on behalf of third parties, crypto assets or the means of access to such crypto assets, where applicable in the form of private cryptographic keys.

The ability of a financial entity to build, assure, and review its operational integrity from a technological perspective by ensuring, either directly or indirectly, through the use of services of ICT third-party providers, the full range of ICT-related capabilities needed to address the security of the network and information systems which a financial entity makes use of, and which support the continued provision of financial services and their quality.

A type of crypto asset the main purpose of which is to be used as a means of exchange and that purports to maintain a stable value by referring to the value of a fiat currency that is legal tender.

Concluding agreements to buy or to sell one or more crypto assets or to subscribe for one or more crypto assets on behalf of third parties.

An undertaking providing digital and data services, including providers of cloud computing services, software, data analytics services, data centres, but excluding providers of hardware components and undertakings authorised under Union law which provide electronic communication services as defined referred to in point (4) of Article 2 of Directive (EU) 2018/1972.

Any information of a precise nature that has not been made public, relating, directly or indirectly, to one or more issuers of crypto assets or to one or more crypto assets, and which, if it was made public, would be likely to have a significant effect on the prices of those crypto assets.

A legal person who offers to the public any type of crypto assets or seeks the admission of such crypto assets to a trading platform for crypto assets.

Managing one or more trading platforms for crypto assets, within which multiple third-party buying and selling interests for crypto assets can interact in a manner that results in a contract, either by exchanging one crypto asset for another or a crypto asset for fiat currency that is legal tender.

Marketing of newly-issued crypto assets or of crypto assets that are already issued but that are not admitted to trading on a trading platform for crypto assets, to specified purchasers and which does not involve an offer to the public or an offer to existing holders of the issuer’s crypto assets.

Offering, giving or agreeing to give personalised or specific recommendations to a third party, either at the third party’s request or on the initiative of the crypto asset service provider providing the advice, concerning the acquisition or the sale of one or more crypto assets, or the use of crypto asset services.

The reception from a person of an order to buy or to sell one or more crypto assets or to subscribe for one or more crypto assets and the transmission of that order to a third party for execution.

A type of crypto asset which is intended to provide digital access to a good or service, available on DLT, and is only accepted by the issuer of that token.