COMETH

What the authorisation covers

COMETH is authorised for 3 of the ten crypto-asset services defined in Article 3(1)(16) of MiCA. It is not authorised for operating a trading platform, exchange for funds, execution of orders, placing of crypto-assets, reception and transmission of orders, advice on crypto-assets, portfolio management — if it offers those, that activity is outside this licence.

• a Custody and administration 19 countries Holding clients' crypto-assets or the private keys to them, and keeping them safe. This is what a wallet service or an exchange that keeps your coins does.
• b Operating a trading platform not authorised Running a marketplace where buyers and sellers of crypto-assets are matched — an order-book exchange in the strict sense.
• c Exchange for funds not authorised Buying crypto-assets from clients, or selling to them, against money (euro or another currency) using the provider's own capital.
• d Exchange for other crypto-assets 19 countries Swapping one crypto-asset for another with the client, using the provider's own capital — for example bitcoin for a stablecoin.
• e Execution of orders not authorised Concluding purchases or sales of crypto-assets on the client's behalf, including on a third-party trading platform.
• f Placing of crypto-assets not authorised Marketing newly issued crypto-assets to buyers on behalf of the issuer — the crypto equivalent of underwriting or an IPO placement.
• g Reception and transmission of orders not authorised Taking a client's order to buy or sell and passing it on to another provider that executes it — a broker that does not execute itself.
• h Advice on crypto-assets not authorised Giving personalised recommendations to a client about buying, selling or holding specific crypto-assets.
• i Portfolio management not authorised Managing a client's crypto-asset portfolio with discretion, under a mandate — deciding what to buy and sell on their behalf.
• j Transfer services 19 countries Moving crypto-assets from one distributed-ledger address or account to another on the client's behalf.

Where it may operate

Through the MiCA passport, COMETH has notified 19 countries: Austria, Belgium, Bulgaria, Cyprus, Germany, Estonia, Spain, Finland, Croatia, Ireland, Italy, Lithuania, Luxembourg, Latvia, Malta, Netherlands, Portugal, Slovenia, Slovakia. It has not notified the other 11 EEA states, so a client there is outside the scope of the notification.

• 🇦🇹 AT
• 🇧🇪 BE
• 🇧🇬 BG
• 🇭🇷 HR
• 🇨🇾 CY
• 🇨🇿 CZ
• 🇩🇰 DK
• 🇪🇪 EE
• 🇫🇮 FI
• 🇫🇷 FR
• 🇩🇪 DE
• 🇬🇷 GR
• 🇭🇺 HU
• 🇮🇸 IS
• 🇮🇪 IE
• 🇮🇹 IT
• 🇱🇻 LV
• 🇱🇮 LI
• 🇱🇹 LT
• 🇱🇺 LU
• 🇲🇹 MT
• 🇳🇱 NL
• 🇳🇴 NO
• 🇵🇱 PL
• 🇵🇹 PT
• 🇷🇴 RO
• 🇸🇰 SK
• 🇸🇮 SI
• 🇪🇸 ES
• 🇸🇪 SE

Highlighted: countries notified for at least one service. Outlined: home Member State. Passporting is per service; see the list on the left for each service's count.