1 week ago
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The deadline ends public feedback on the EBA’s draft methodology for setting fines when it directly supervises significant stablecoin issuers.
Key Takeaways
- The consultation closes on September 28.
- The proposal covers significant stablecoin issuers.
- The draft sets a baseline, then adjusts it.
- The final method will arrive after feedback.
This is a rule for a narrow part of MiCA
The proposal applies to issuers of significant asset-referenced tokens and e-money tokens under direct EBA supervision. It is not a penalty schedule for the wider European crypto market.
An e-money token references one official currency. An asset-referenced token can reference other assets or a combination of values. Becoming significant requires a separate MiCA assessment; it is not a label automatically attached to every euro- or dollar-linked...
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