Article 40 — Prohibition of granting interest.
Regulation (EU) 2023/1114 (MiCA) — verbatim reproduction of Article 40 from the official EUR-Lex consolidated text.
SOURCE: Regulation (EU) 2023/1114 ↗
Article 40 — Prohibition of granting interest
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.
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Verbatim reproduction from the official text. This page reproduces Article 40 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.