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Article 4 — Offers to the public of crypto-assets other than asset-referenced tokens or e-money tokens — compare

Showing 2 of 2Release 10 Nov 2026Details
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Not covered: national guidance, court decisions.
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Release 2d86bd12 published 10 Nov 2026, 17:06 CET. Verified against EUR-Lex on 9 Nov 2026.
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None.
Incomplete
No.
From
9 June 2023 · Original act (Official Journal of 9 June 2023) · Verified 9 Nov 2026 · Official source
To
11 November 2026 · Consolidated version of 9 January 2024 · Verified 9 Nov 2026 · Official source
4(2)(b)
(b)over a period of 12 months, starting with the beginning of the offer, the total consideration of an offer to the public of a crypto-asset in the Union does not exceed EUR 1 000 000 , or the equivalent amount in another official currency or in crypto-assets;

Where, for each 12-month period starting from the beginning of the initial offer to the public, the total consideration of an offer to the public of a crypto-asset in the circumstances referred to in the first subparagraph, point (d), in the Union exceeds EUR 1 000 000 , the offeror shall send a notification to the competent authority containing a description of the offer and explaining why the offer is exempt from this Title pursuant to the first subparagraph, point (d).

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