--- title: "Article 15 — Liability for the information given in a crypto-asset white paper" type: regulation legal_status: in_force source: "https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02023R1114-20240109" shortTitle: "Article 15 — Liability for the information given in a crypto-asset white paper" instrument_type: level1_regulation authority: Commission binding: true binding_character: binding mica_level2: false legal_basis: Regulation (EU) 2023/1114 instrument: mica celex: 32023R1114 text_version: "Consolidated version of 9 January 2024" source_url: "https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02023R1114-20240109" check_status: matched verified: true last_checked: 2026-11-09 --- *In force · Consolidated version of 9 January 2024 · Verified 9 Nov 2026 · [Official source](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02023R1114-20240109)* 1. Where an [offeror](https://www.headlesslaw.com/definitions/mica/offeror), person seeking admission to trading or operator of a trading platform, has infringed [Article 6](6.md) by providing in its [crypto-asset](https://www.headlesslaw.com/definitions/mica/crypto-asset) white paper or in a modified crypto-asset white paper information that is not complete, fair or clear or that is misleading, that offeror, person seeking admission to trading or operator of a trading platform and the members of its administrative, management or supervisory body shall be liable to a holder of the crypto-asset for any loss incurred due to that infringement. 2. Any contractual exclusion or limitation of civil liability as referred to in paragraph 1 shall be deprived of legal effect. 3. Where the [crypto-asset](https://www.headlesslaw.com/definitions/mica/crypto-asset) white paper and marketing communications are prepared by the operator of the trading platform in accordance with [Article 5(3)](5.md), the person seeking admission to trading shall also be held responsible when it provides information that is not complete, fair or clear, or that is misleading to the operator of the trading platform. 4. It shall be the responsibility of the holder of the [crypto-asset](https://www.headlesslaw.com/definitions/mica/crypto-asset) to present evidence indicating that the [offeror](https://www.headlesslaw.com/definitions/mica/offeror), person seeking admission to trading, or operator of the trading platform for crypto-assets other than [asset-referenced tokens](https://www.headlesslaw.com/definitions/mica/asset-referenced-token) or [e-money tokens](https://www.headlesslaw.com/definitions/mica/electronic-money-token) has infringed [Article 6](6.md) by providing information that is not complete, fair or clear, or that is misleading and that reliance on such information had an impact on the holder’s decision to purchase, sell or exchange that crypto-asset. 5. The [offeror](https://www.headlesslaw.com/definitions/mica/offeror), person seeking admission to trading, or operator of the trading platform and the members of its administrative, management or supervisory body shall not be liable to a holder of a [crypto-asset](https://www.headlesslaw.com/definitions/mica/crypto-asset) for loss incurred as a result of reliance on the information provided in a summary as referred to in [Article 6(7)](6.md), including any translation thereof, except where the summary: **(a)** is misleading, inaccurate or inconsistent when read together with the other parts of the crypto-asset white paper; or **(b)** does not provide, when read together with the other parts of the crypto-asset white paper, key information in order to aid prospective holders of the crypto-asset when considering whether to purchase such crypto-asset. 6. This Article is without prejudice to any other civil liability pursuant to national law. ### Related * [crypto-asset service](https://www.headlesslaw.com/definitions/mica/crypto-asset-service) — definition used in this article * [crypto-asset](https://www.headlesslaw.com/definitions/mica/crypto-asset) — definition used in this article * [offeror](https://www.headlesslaw.com/definitions/mica/offeror) — definition used in this article *** [Title II — Crypto-assets other than asset-referenced tokens or e-money tokens](../titles/ii.md) · [← Article 14](14.md) · [Article 16 →](16.md)