Art. 1 Definitions | RTS on record keeping | MiCA

For the purposes of this Regulation, the following definitions shall apply:

‘transactionmeans the conclusion of an acquisition or disposal of crypto-assets other than the crypto-assets referred to in Article 2(3) and (4) of Regulation (EU) 2023/1114;’ means the conclusion of an acquisition or disposal of crypto-assetsmeans a digital representation of a value or of a right that is able to be transferred and stored electronically using distributed ledger technology or similar technology; other than the crypto-assetsmeans a digital representation of a value or of a right that is able to be transferred and stored electronically using distributed ledger technology or similar technology; referred to in Article 2(3) and (4) of Regulation (EU) 2023/1114;
‘undertaking a transactionmeans executing a transaction or transmitting an order for crypto-assets on behalf of a client;’ means executing a transactionmeans providing any of the following services or performing any of the following activities that result in a transaction:reception and transmission of orders for crypto-assets on behalf of clients;execution of orders on behalf of clients;exchange of crypto-assets for funds or for other crypto-assets;making an investment decision in accordance with a discretionary mandate given by a client;transfer of crypto-assets to or from accounts. or transmitting an order for crypto-assetsmeans a digital representation of a value or of a right that is able to be transferred and stored electronically using distributed ledger technology or similar technology; on behalf of a clientmeans any natural or legal person to whom a crypto-asset service provider provides crypto-asset services;;
‘executing a transactionmeans providing any of the following services or performing any of the following activities that result in a transaction:reception and transmission of orders for crypto-assets on behalf of clients;execution of orders on behalf of clients;exchange of crypto-assets for funds or for other crypto-assets;making an investment decision in accordance with a discretionary mandate given by a client;transfer of crypto-assets to or from accounts.’ means providing any of the following services or performing any of the following activities that result in a transactionmeans the conclusion of an acquisition or disposal of crypto-assets other than the crypto-assets referred to in Article 2(3) and (4) of Regulation (EU) 2023/1114;:
1. reception and transmission of orders for crypto-assets on behalf of clientsmeans the reception from a person of an order to purchase or sell one or more crypto-assets or to subscribe for one or more crypto-assets and the transmission of that order to a third party for execution;;
2. execution of orders on behalf of clientsmeans any natural or legal person to whom a crypto-asset service provider provides crypto-asset services;;
3. exchange of crypto-assets for fundsmeans the conclusion of purchase or sale contracts concerning crypto-assets with clients for funds by using proprietary capital; or for other crypto-assetsmeans a digital representation of a value or of a right that is able to be transferred and stored electronically using distributed ledger technology or similar technology;;
4. making an investment decision in accordance with a discretionary mandate given by a clientmeans any natural or legal person to whom a crypto-asset service provider provides crypto-asset services;;
5. transfer of crypto-assetsmeans a digital representation of a value or of a right that is able to be transferred and stored electronically using distributed ledger technology or similar technology; to or from accounts.