Article 77 — Exchange of crypto-assets for funds or other crypto-assets.
Regulation (EU) 2023/1114 (MiCA) — verbatim reproduction of Article 77 from the official EUR-Lex consolidated text.
SOURCE: Regulation (EU) 2023/1114 ↗
Article 77 — Exchange of crypto-assets for funds or other crypto-assets
1. Crypto-asset service providers exchanging crypto-assets for funds or other crypto-assets shall establish a non-discriminatory commercial policy that indicates, in particular, the type of clients they agree to transact with and the conditions that shall be met by such clients. 2. Crypto-asset service providers exchanging crypto-assets for funds or other crypto-assets shall publish a firm price of the crypto-assets or a method for determining the price of the crypto-assets that they propose to exchange for funds or other crypto-assets, and any applicable limit determined by that crypto-asset service provider on the amount to be exchanged. 3. Crypto-asset service providers exchanging crypto-assets for funds or other crypto-assets shall execute client orders at the prices displayed at the time when the order for exchange is final. Crypto-asset service providers shall inform their clients of the conditions for their order to be deemed final. 4. Crypto-asset service providers exchanging crypto-assets for funds or other crypto-assets shall publish information about the transactions concluded by them, such as transaction volumes and prices.
Need the firm-level check?
This is the rule. If you need the firm-level check for a file — one firm, one register question, dated and signed — see the dated counterparty note.
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Verbatim reproduction from the official text. This page reproduces Article 77 of Regulation (EU) 2023/1114 word for word from the official source on EUR-Lex. It is not legal advice. Only the electronic edition of the Official Journal of the European Union is authentic. Verify against the official source on EUR-Lex ↗ before relying on any point.