Floki becomes the first cryptocurrency token to have a MiCAR-compliant White Paper officially registered with ESMA. Submitted by LCX through its National Competent Authority, this registration allows Floki to be legally traded on regulated platforms across the EU under the Markets in Crypto‑Assets Regulation, marking a significant step in European crypto regulation.
Floki, a cryptocurrency token, becomes the first to have a MiCAR-compliant White Paper officially registered with the European Securities and Markets Authority (ESMA). This development marks a significant step for crypto-assets operating within the European Union (EU), as it sets a new benchmark for regulatory alignment under the Markets in Crypto‑Assets Regulation (MiCAR) framework.
The registration is conducted through LCX, a regulated exchange based in Europe. Acting through its National Competent Authority, LCX submits Floki’s White Paper to ESMA, enabling the token’s admission for trading on regulated platforms across the EU.
This process ensures that the documentation required by MiCAR has been filed and recorded with the appropriate regulatory bodies, a necessary condition for any crypto-asset to be legally listed and exchanged within the region.
Under the MiCAR framework, issuers of crypto-assets are required to submit a White Paper to a national authority, which subsequently notifies ESMA. Only crypto-assets that meet these conditions and complete the formal notification process are allowed to appear on authorised trading venues in the European market.
ESMA Confirms Inclusion on Interim MiCA Register
ESMA has published a notice confirming that Floki is included in its interim MiCA register. This register forms part of the initial implementation phase of the MiCAR regulatory framework, which aims to bring standardisation and transparency to crypto-asset offerings within the EU.
It is important to note that while ESMA records the notification, the White Paper itself has not been approved by any individual EU authority. The responsibility for the content remains solely with the issuer.
This distinction ensures that issuers remain accountable for the information provided, while still allowing their tokens to enter the regulated market.
LCX Facilitates Regulatory Compliance
LCX plays a central role in this registration, acting as the submitting party for Floki’s White Paper. Recognised as one of Europe’s regulated exchanges, LCX provides services in tokenisation, trading, and digital asset operations. By facilitating the White Paper registration, LCX supports Floki’s compliance efforts and contributes to advancing regulatory adoption across the crypto sector.
The admission of Floki under MiCAR through the ESMA notification process signals a shift towards greater institutional acceptance and legal clarity in the European digital asset landscape. It also opens the path for future tokens to follow a similar route in achieving compliant listings within the EU.
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