Article 8 Exchange of crypto-assets for funds or other crypto-assets

Summary What does Article 8 of the RTS on notification of crypto-asset service provision say?

This is a notably brief article that sets out the disclosure requirements for notifying entities intending to offer crypto-asset exchange services — that is, exchanging crypto-assets for funds or for other crypto-assets.

It directly serves Article 60(7), point (g), of MiCA (Regulation (EU) 2023/1114), and essentially requires such entities to demonstrate to the competent authority both how they conduct their business and how they determine prices for the exchanges they offer.

Important points:

If you intend to exchange crypto-assets for funds or other crypto-assets, provide the competent authority with a description of your commercial policy.
Provide the method used to determine the price of crypto-assets proposed for exchange, including how volume and market volatility factor into that pricing mechanism.
This article is limited in scope — it applies only to notifying entities providing this specific exchange service, and connects directly to Articles 77(1) and 77(2) of Regulation (EU) 2023/1114.

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

For the purposes of Article 60(7), point (g), of Regulation (EU) 2023/1114, the notifying entity that intends to exchange crypto-assets for funds or other crypto-assets shall provide to the competent authority the following information:

a description of the commercial policy established in accordance with Article 77(1) of Regulation (EU) 2023/1114;
the method for determining the price of the crypto-assets that the notifying entity proposes to exchange for funds or other crypto-assets in accordance with Article 77(2) of Regulation (EU) 2023/1114, including how the volume and market volatility of crypto-assets impact the pricing mechanism.

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