Obligations of Gold-Backed Stablecoin Issuers : The 10 Commandments Under MiCA

1. Transparency, Honesty, and Professionalism: The Winning Trio

As a gold-backed stablecoin issuer, you must act with integrity and professionalism in all interactions with investors and potential buyers.

2. Fairness Towards Your Token Holders

Treat all your holders equitably, unless specific advantages are clearly detailed in your white paper or marketing communications.

3. Publication and Accessibility of the White Paper

Ensure that your white paper is published on your website and remains accessible as long as your tokens are in circulation.

4. Clear and Compliant Advertisements

Clearly identify your advertisements, ensure they are honest, and that they correspond to the information contained in your white paper.

5. Contact Information in Your Advertisements

Include clear contact details in your advertisements, such as a phone number and an email address, to allow investors to contact you easily.

6. Information on the Right to Redemption

Inform your holders of their right to redemption at any time, and mention it in your commercial communications.

7. No Advertising Before Publishing the White Paper

Do not disseminate advertisements before publishing your white paper, and ensure you publish any eventual modifications on your website.

8. Monthly Information on Tokens and Reserves

Provide monthly updated information on the number of tokens in circulation and the value of your asset reserves.

9. Publication of Audit Reports

Quickly publish your complete audit reports as well as their summaries, and make them easily accessible to the public.

10. Communication of Major Events

Immediately communicate any major event likely to affect the value of your tokens or your asset reserves.

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