Updated 01/07/2025
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Article 1 - Delegated Regulation 2025/1140

Article 1

Definitions

For the purposes of this Regulation, the following definitions shall apply:

(1)

transaction’ means the conclusion of an acquisition or disposal of crypto-assets other than the crypto-assets referred to in Article 2(3) and (4) of Regulation (EU) 2023/1114;

(2)

undertaking a transaction’ means executing a transaction or transmitting an order for crypto-assets on behalf of a client;

(3)

executing a transaction’ means providing any of the following services or performing any of the following activities that result in a transaction:

(a)

reception and transmission of orders for crypto-assets on behalf of clients;

(b)

execution of orders on behalf of clients;

(c)

exchange of crypto-assets for funds or for other crypto-assets;

(d)

making an investment decision in accordance with a discretionary mandate given by a client;

(e)

transfer of crypto-assets to or from accounts.