The Austria Financial Market Authority has published new videos in its "1 Minute 1 Term" series covering the crypto market concepts of "whitepaper" and "utility token." In that educational context, it explains that a utility token primarily provides access to a specific service or product and that, under the European Union's Markets in Crypto-Assets Regulation, anyone seeking to offer utility tokens to the public must prepare a whitepaper and submit it to the FMA. The authority describes the whitepaper as the central source of information for prospective buyers, setting out who is behind the project, the token's purpose, how the business model works and the risks involved. It also stresses that notification to the FMA does not amount to approval and that a whitepaper is not a guarantee that a project is legitimate or safe. Investors should read the document carefully, understand the project and assess the token's actual use case critically.
Austria Financial Market Authority2026-06-17
Austria Financial Market Authority explains MiCAR whitepaper requirements for utility tokens in consumer video series
The Austria Financial Market Authority has released new consumer education videos explaining utility tokens and whitepapers under the European Union's Markets in Crypto-Assets Regulation. It says public offers of utility tokens require a whitepaper to be submitted to the FMA, but that notification is not an endorsement or a guarantee of safety.