Source: OJ L, 2025/298, 13.2.2025

Article 1 Subject matter

Summary What does Article 1 of the RTS on non-EU currencies say?

This is the foundational scope article of the Regulation, establishing its core purpose: to set out the methodology for estimating the quarterly average number and aggregate value of daily transactions linked to the use of asset-referenced tokens as a means of exchange within a single currency area.

It directly implements a reporting requirement under Article 22(1)(d) of Regulation (EU) 2023/1114 (MiCA).

The article also extends the application of this Regulation to e-money tokens denominated in a currency that is not an official currency of a Member State, in line with Article 58(3) of MiCA.

Important points:

This Regulation applies to issuers of asset-referenced tokens and establishes the methodology they must use to estimate transaction volumes tied to the use of those tokens as a means of exchange.
The scope extends beyond asset-referenced tokens to cover e-money tokens denominated in a non-Member State official currency, applied on a mutatis mutandis basis.
This article directly builds upon and implements obligations set out in Regulation (EU) 2023/1114 (MiCA), and cannot be read in isolation from it.

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

1. This Regulation specifies the methodology to estimate the quarterly average number and average aggregate value of transactions per day that are associated to uses of an asset-referenced token as a means of exchange within a single currency area, in accordance with Article 22(1), point (d), of Regulation (EU) 2023/1114.
1. In accordance with Article 58(3) of Regulation (EU) 2023/1114, this Regulation also applies mutatis mutandis to e-money tokens denominated in a currency that is not an official currency of a Member State.

Table of contents

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