Source: OJ L, 2025/296, 13.2.2025

Article 7 Substantive assessment of a crypto-asset white paper

Summary What does Article 7 of the RTS on crypto-asset white paper approval say?

This article acts as a gateway provision, establishing the precise trigger point at which the competent authority moves from procedural handling into the substantive review of the crypto-asset white paper.

It directly follows the ECB consultation phase set out in earlier articles, making clear that the competent authority's full assessment of the white paper against the requirements of Article 19 of Regulation (EU) 2023/1114 can only begin once the ECB (or relevant central bank) has either issued a positive opinion or allowed its 20 working day window to pass without doing so.

Important points:

Competent authorities are required to carry out a substantive assessment of the crypto-asset white paper only after the ECB or relevant central bank consultation phase is resolved.
The trigger for this assessment is either a positive ECB opinion or the expiry of the 20 working day period without any opinion being issued.
The substantive assessment is conducted against the requirements of Article 19 of Regulation (EU) 2023/1114.

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

Following a positive opinion by the ECB or, where applicable, the relevant central bank as referred to in Article 17(5), first subparagraph, of Regulation (EU) 2023/1114, or following the expiration of the period of 20 working days laid down in Article 17(5), second subparagraph, of that Regulation without any opinion issued by the ECB or the relevant central bank, the competent authority shall carry out a substantive assessment of the crypto-asset white paper with regard to the requirements referred to in Article 19 of that Regulation.

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.