Due to MiCAR regulations, you must be verified before purchasing a fraction. This step helps to increase security on the platform and prevent misuse.
Furthermore, we have enhanced our token concept: The fractions you purchase will in the future be issued as so-called Timeless tokens. These will be securely stored for you in a crypto wallet – the so-called Vault.
Don't worry: We will automatically create this wallet for you as soon as you make your first purchase. So, you don't need to do anything further and can invest as usual. 🤝
Will there still be the "classic" Timeless assets that do not fall under MiCAR?
Yes, Timeless will continue to offer assets.
Will new costs arise for me due to the MiCAR regulation or the crypto vault?
No, there will be no additional costs.
How are MiCAR assets treated for tax purposes?
The tax treatment also does not change for you. It remains identical to the previous model, where Timeless acts as the seller.