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🔗 Back to Summary. 🇫🇷 French Version: 2023R1114_FR.40. Open the PDF. Direct link to EUR-LEX.
Article 39 – Right of redemption ⬅️ | ➡️ Article 41 – Assessment of proposed acquisitions of issuers of asset-referenced tokens
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.