Tokenized silver: what matters at the MiCA cut-off on October 30

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Pax Gold will be converted compulsorily in the EEA on October 30, Bitpanda's metal tokens will not. The reason is a classification in the small print – and it decides trading, liability and tax.Anyone holding tokenized silver has had a very concrete question since this week: does the same thing apply to it as to tokenized gold? The short answer is no, and the reason sits in the provider's small print. Pax Gold is on the list of tokens that Coinbase converts for retail customers in the European Economic Area on October 30, 2026. Bitpanda's metal tokens are not on that list. According to the provider's own product notice, those tokens are not a crypto-asset at all within the meaning of the European Markets in Crypto-Assets Regulation, MiCAR for short. The legal framework that took Pax Gold out of European trading therefore does not apply to them – and neither do that framework's protections. This article sets out what actually happens on October 30, how a gold token and a silver t...