Article 40
Article 40
Section titled “Article 40”| Instrument | Regulation (EU) 2023/1114 (MiCA) |
| Source | EUR-Lex |
| Status | In force |
| Review rule | Legal-text changes require human review |
Prohibition of granting interest
Section titled “Prohibition of granting interest”- Issuers of asset-referenced tokens shall not grant interest in relation to asset-referenced tokens.
- Crypto-asset service providers shall not grant interest when providing crypto-asset services related to asset-referenced tokens.
- For the purposes of paragraphs 1 and 2, any remuneration or any other benefit related to the length of time during which a holder of asset-referenced tokens holds such asset-referenced tokens shall be treated as interest. That includes net compensation or discounts, with an effect equivalent to that of interest received by the holder of asset-referenced tokens, directly from the issuer or from third parties, and directly associated to the asset-referenced tokens or from the remuneration or pricing of other products.