+Article 4 2.

Article 4 2.

Paragraph 1, points (b), (c), (d) and (f), shall not apply to any of the following offers to the public of crypto-assets other than asset-referenced tokens or e-money tokens:

(a) 

an offer to fewer than 150 natural or legal persons per Member State where such persons are acting on their own account;

(b) 

over a period of 12 months, starting with the beginning of the offer, the total consideration of an offer to the public of a crypto-asset in the Union does not exceed EUR 1 000 000 , or the equivalent amount in another official currency or in crypto-assets;

(c) 

an offer of a crypto-asset addressed solely to qualified investors where the crypto-asset can only be held by such qualified investors.

1. Ħarsa ġenerali

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1.1 Referenzi

1.2 Rekwiżiti identifikati

1.3 Standards relatati

2. Rekwiżiti identifikati

Rekwiżiti

3. Standards relatati

Standards