On 15 February 2025, Act No. 31/2025 Coll., on the implementation of European Union regulations in the field of digitalization of the financial market (Act on Digitalization of the Financial Market), enters into force. The Act on Digitalization of the Financial Market is an adaptation act to the MiCA Regulation (external link), which entered into force on 30 December 2024.
The MiCA Regulation sets out uniform requirements for the public offering of crypto-assets and their admission to trading, as well as requirements for the provision of services related to crypto-assets. In addition to the requirements for the authorisation of relevant entities and their operation, organisation, management and transparency, the MiCA Regulation also regulates obligations relating to the protection of crypto-asset holders and customers to whom services related to crypto-assets are provided.
The Czech National Bank is designated by the Act on the Digitalisation of the Financial Market as the competent authority for the area of crypto-assets and is therefore responsible for receiving notifications and applications under the MiCA Regulation and for exercising supervisory powers over providers of services related to crypto-assets and persons publicly offering asset-backed tokens, electronic money tokens and other crypto-assets under the MiCA Regulation and over persons seeking their admission to trading.
In connection with the Act on the Digitalisation of the Financial Market, the related Act No. 32/2025 Coll., amending certain acts in connection with the implementation of European Union regulations in the field of digitalisation of the financial market and financing sustainability (amending act) will enter into force on 15 February. The amending act makes certain necessary changes related to the implementation of the MiCA Regulation and the DORA Regulation (external link), transposes Directive 2022/2556 (external link), the so-called amending directive to the DORA regulation, and in addition implements the European Green Bond Regulation (external link), the IPR Regulation (external link) and specifies the transposition of PSD 2 (external link) and MiFID II (external link).