Here is the rewritten article in Markdown format:

Monaco Regulatory Technology Trends: New Law Brings Clarity to Crypto Asset Services

A landmark law has been enacted in Monaco, introducing a comprehensive regulatory framework for services related to crypto assets. Law 1.528, published on July 22, 2022, brings much-needed clarity and transparency to the industry.

Regulated Activities Subject to Specific Requirements

The new legislation specifies which services involving crypto assets are considered regulated activities subject to specific requirements. These include:

• The exchange of virtual assets against other virtual assets
• The operation of a negotiation platform for virtual assets

Licensing Requirements for Regulated Activities

A key provision of the law is the requirement for companies wishing to conduct these regulated activities in Monaco to obtain prior licensing from the Ministry of State and a dedicated Commission. To be eligible, applicants must meet certain criteria, including:

• Being registered in Monaco
• Having management and shareholders with the necessary skills and reputation
• Complying with anti-money laundering obligations
• Ensuring adequate computing equipment security and back-up

Implications for Financial and Sports/Advertising Sectors

The law is expected to have far-reaching implications for companies operating in the financial and sports/advertising sectors. Our firm has already seen a surge in demand for advice on this new regulatory landscape and licence application process.

Expert Guidance for Companies Providing Crypto Asset Services

For companies contemplating providing services related to crypto assets in Monaco, we offer expert guidance on navigating the complex regulations and ensuring compliance with the licensing requirements.