Article 28 Publication of the crypto-asset white paper

Summary What does Article 28 of the MiCA regulation say?

This article sets out the publication obligation for issuers of asset-referenced tokens with respect to their crypto-asset white paper.

It is a straightforward transparency requirement that flows directly from the authorisation and approval processes established in Articles 17, 21, and 25: once a white paper has been approved through those routes, it must be made publicly available on the issuer's website.

The article also governs the timing and duration of that availability.

Important points:

Issuers of asset-referenced tokens must publish the approved crypto-asset white paper on their website no later than the date the token is first offered to the public or admitted to trading.
Any modified white paper, as referred to in Article 25, must also be published on the website where applicable.
The white paper must remain publicly accessible on the issuer's website for the entire period during which the asset-referenced token is held by the public.

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

An issuer of an asset-referenced token shall publish on its website the approved crypto-asset white paper referred to in Article 17(1) or Article 21(1) and, where applicable, the modified crypto-asset white paper referred to in Article 25. The approved crypto-asset white paper shall be publicly accessible by the starting date of the offer to the public of the asset-referenced token or the admission to trading of that token. The approved crypto-asset white paper and, where applicable, the modified crypto-asset white paper shall remain available on the issuer’s website for as long as the asset-referenced token is held by the public.

Table of contents

Springlex and this text is meant purely as a documentation tool and has no legal effect. No liability is assumed for its content. The authentic version of this act is the one published in the Official Journal of the European Union.