Article 1 Application for approval of a crypto-asset white paper

This opening article establishes the foundational communication framework for the crypto-asset white paper approval process under Regulation (EU) 2023/1114.

It sets out the basic procedural infrastructure that underpins the entire approval workflow described in the subsequent articles, defining how credit institutions and competent authorities must communicate with one another, and mandating that all such communications take place electronically.

Important points:

• Provide a designated contact point to the competent authority at the time of submitting the crypto-asset white paper for approval.
• Competent authorities are required to publish contact details on their websites specifically for crypto-asset white paper approval purposes.
• All submissions, notifications, and communications between credit institutions, competent authorities, the ECB, and relevant central banks must be made by electronic means.