Article 40 — Prohibition of granting interest
Financial servicesLevel 1RegulationMiCAIn forceIn force on the date shown, by the dates in the Official Journal.VerifiedIdentical to the official source.Official source
1.Issuers of asset-referenced tokens shall not grant interest in relation to asset-referenced tokens.
2.Crypto-asset service providers shall not grant interest when providing crypto-asset services related to asset-referenced tokens.
3.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.