{"release":{"id":"2d86bd12ba77a288053b34ea2517324b92d03c8039b7f5d156fa4002421384a1","published":"2026-11-10T16:06:46Z","pinned":false},"limits":{"coverage":{"history":"full","held_since":"2023-06-09","gaps":[],"covered":["MiCA L1"],"not_covered":["national guidance","court decisions"]},"freshness":{"release_id":"2d86bd12ba77a288053b34ea2517324b92d03c8039b7f5d156fa4002421384a1","release_published":"2026-11-10T16:06:46Z","checked_at":"2026-11-09","checked_against":"EUR-Lex"},"truncation":null,"failures":[],"incomplete":[]},"page":{"path":"/mica/articles/80","url":"https://www.headlesslaw.com/mica/articles/80","title":"Article 80 — Reception and transmission of orders for crypto-assets on behalf of clients","family":"l1_hand","work_id":"mica","status":"in_force","force_status":"in_force","date_state":"current","requested_date":null,"as_of":"2026-11-11","applies_from":"2024-12-30","application":{"state":"applicable","next":null,"dates":[{"at":"2024-12-30","note":"Article 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2024","check":{"against":"EUR-Lex","on":"2026-11-09"},"check_result":"matched","official_url":"https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02023R1114-20240109","valid_from":"2024-01-09","valid_until":null,"revision":1,"content_id":"73e21172018226b6","change_date":null,"nearest_versions":["2023-06-09","2024-01-09"],"first_text_date":"2023-05-31","correction_applies":false,"versions":["2023-06-09","2024-01-09"],"version_url":"https://www.headlesslaw.com/mica/articles/80/versions/2024-01-09","revision_url":"https://www.headlesslaw.com/mica/articles/80/versions/2024-01-09/rev/73e21172018226b6","versions_url":"https://www.headlesslaw.com/mica/articles/80/versions","relations_url":"https://www.headlesslaw.com/mica/articles/80/relations","source_line":null,"attribution":null},"provenance":{"official_url":"https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02023R1114-20240109","check":{"result":"matched","checked_at":"2026-11-09","against":"EUR-Lex"},"repo_path":null,"body_sha256":"89bb29e490ab54f5a9b69ab2b713eb19576cab1d6ce394cc4d5fe43e42ebbade","markdown_sha256":"5995228b449c7672020ea96eab49e894ffd0a06b77c71910b66228aeb7c89925"},"units":[{"locator":"mica/art/80","kind":"article","status":"in_force","label":null,"heading":"Reception and transmission of orders for crypto-assets on behalf of clients","text":"","marks":[],"revision":1,"text_hash":"e3b0c44298fc1c149afbf4c8996fb92427ae41e4649b934ca495991b7852b855","reason":null},{"locator":"mica/art/80/para/1","kind":"paragraph","status":"in_force","label":"1.","heading":null,"text":"Crypto-asset service providers receiving and transmitting orders for crypto-assets on behalf of clients shall establish and implement procedures and arrangements that provide for the prompt and proper transmission of client orders for execution on a trading platform for crypto-assets or to another crypto-asset service provider.","marks":[],"revision":1,"text_hash":"c035de339532004021e42ef646c87eec606461e7aaf17841c5af03f943704f65","reason":null},{"locator":"mica/art/80/para/2","kind":"paragraph","status":"in_force","label":"2.","heading":null,"text":"Crypto-asset service providers receiving and transmitting orders for crypto-assets on behalf of clients shall not receive any remuneration, discount or non-monetary benefit in return for routing orders received from clients to a particular trading platform for crypto-assets or to another crypto-asset service provider.","marks":[],"revision":1,"text_hash":"e30431b2774221e3b2f0cf8df95429b233b4d2d46ce572c6c005e583fbd92089","reason":null},{"locator":"mica/art/80/para/3","kind":"paragraph","status":"in_force","label":"3.","heading":null,"text":"Crypto-asset service providers receiving and transmitting orders for crypto-assets on behalf of clients shall not misuse information relating to pending client orders, and shall take all reasonable steps to prevent the misuse of such information by any of their employees.","marks":[],"revision":1,"text_hash":"6c6a54dcee1e0010d320169cae42a6bd6e890d02ad43eea33ccbe2c9173c67e0","reason":null}],"markdown":"*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)*\n\n1. <a id=\"p-1\"></a>[Crypto-asset service providers](https://www.headlesslaw.com/definitions/mica/crypto-asset-service-provider) receiving and transmitting orders for crypto-assets on behalf of [clients](https://www.headlesslaw.com/definitions/mica/client) shall establish and implement procedures and arrangements that provide for the prompt and proper transmission of client orders for execution on a trading platform for crypto-assets or to another [crypto-asset service provider](https://www.headlesslaw.com/definitions/mica/crypto-asset-service-provider).\n2. <a id=\"p-2\"></a>[Crypto-asset service providers](https://www.headlesslaw.com/definitions/mica/crypto-asset-service-provider) receiving and transmitting orders for crypto-assets on behalf of [clients](https://www.headlesslaw.com/definitions/mica/client) shall not receive any remuneration, discount or non-monetary benefit in return for routing orders received from clients to a particular trading platform for crypto-assets or to another [crypto-asset service provider](https://www.headlesslaw.com/definitions/mica/crypto-asset-service-provider).\n3. <a id=\"p-3\"></a>[Crypto-asset service providers](https://www.headlesslaw.com/definitions/mica/crypto-asset-service-provider) receiving and transmitting orders for crypto-assets on behalf of clients shall not misuse information relating to pending [client](https://www.headlesslaw.com/definitions/mica/client) orders, and shall take all reasonable steps to prevent the misuse of such information by any of their employees.\n\n### Related\n\n* [reception and transmission of orders for crypto-assets on behalf of clients](https://www.headlesslaw.com/definitions/mica/reception-and-transmission-of-orders-for-crypto-assets-on-behalf-of-clients) — definition used in this article\n* [crypto-asset service provider](https://www.headlesslaw.com/definitions/mica/crypto-asset-service-provider) — definition used in this article\n* [crypto-asset service](https://www.headlesslaw.com/definitions/mica/crypto-asset-service) — definition used in this article\n* [crypto-asset](https://www.headlesslaw.com/definitions/mica/crypto-asset) — definition used in this article\n* [client](https://www.headlesslaw.com/definitions/mica/client) — definition used in this article\n\n## Related Level 2 and Level 3\n\n### Guidance and Q&A\n\n- [ESMA Q&A 2087 — Q&A — Prohibition of monetary and non-monetary benefits \\[Answer Published\\]](../level-3/q-and-a/esma/esma-qa-2087-prohibition-monetary-non-monetary-benefits.md)\n\n***\n\n[Title V — Authorisation and operating conditions for crypto-asset service providers](../titles/v.md) › Chapter 3 — Obligations in respect of specific crypto-asset services · [← Article 79](79.md) · [Article 81 →](81.md)\n"}