The European Securities and Markets Authority (ESMA) today published a new set of Q&A, including one concerning the treatment of staking services under MiCA.
The European Commission explains that MiCA does not contain provisions specific to staking. It does not therefore prohibit staking, and staking as such is not subject to specific requirements or licensing.
As opposed to staking, where crypto asset holders engage themselves directly on a proprietary basis with the distributed ledger protocol to stake their assets to obtain validator privileges and eventually collect associated block rewards, or where they commit their assets to a liquidity pool in return for a yield, staking services (also referred to as staking-as-a#service) are provided to clients…
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