EBA opinion outlining supervisory priorities for national authorities as the transition period under its No-Action Letter on PSD2 and MiCA interplay ends on 2 March 2026, addressing authorisation processes, conditions for continued EMT transactions, and coordination between PSD2 and MiCA frameworks.
Joint ESAs factsheet explaining the EU Markets in Crypto-Assets Regulation (MiCA) – outlining consumer protections, types of regulated crypto-assets (EMTs, ARTs, utility tokens), risks of unregulated providers, and key definitions like stablecoins and NFTs.
EBA’s MiCAR templates explain reporting requirements for issuers of asset-referenced tokens (ARTs) and e-money tokens (EMTs), including thresholds, reserve composition, transactions, and own funds under MiCAR regulation.
EBA decision outlining procedures for classifying asset-referenced tokens (ARTs) and e-money tokens (EMTs) as significant under MiCAR, including assessment timelines, reporting requirements, supervisory transfer rules, and cooperation with competent authorities.
EBA final guidelines under MiCAR outline requirements for redemption plans by issuers of asset-referenced tokens (ARTs) and e-money tokens (EMTs), specifying plan content, review periodicity, triggers, and proportionality principles to ensure orderly token redemption.
European Banking Authority summary of written procedures and voting results from December 2024 to February 2025, including approvals for EBA reporting framework v4.0, RTS on residual risk add-on exemptions, and guidelines on ARTs/EMTs reporting under MiCAR.
EBA final guidelines under MiCAR outline recovery plan requirements for issuers of asset-referenced tokens (ARTs) and e-money tokens (EMTs), detailing governance, indicators, recovery options, and communication plans to restore compliance with reserve asset rules.
EBA public hearing on 17 January 2024 discussing draft regulatory and implementing technical standards (RTS & ITS) for reporting and supervisory colleges under MiCAR, focusing on transaction estimation methodologies, reporting templates, and ARTs/EMTs in non-EU currencies.
EBA final report on draft Regulatory Technical Standards (RTS) under MiCAR specifying minimum content and requirements for liquidity management policies and procedures for issuers of asset-referenced tokens (ARTs) and e-money institutions issuing e-money tokens (EMTs), ensuring resilience under liquidity stress.
European Banking Authority public hearing on MiCAR liquidity-related Regulatory Technical Standards (RTS) and Guidelines (GL) covering liquidity risk frameworks, asset reserves, highly liquid financial instruments, liquidity management policies, and stress testing for asset-referenced tokens (ARTs) and e-money tokens (EMTs).
The European Banking Authority (EBA) published today a Decision setting out the procedural aspects related to the significance assessment of asset-referenced tokens (ARTs) and e-money tokens (EMTs) and the transfer of supervisory responsibilities, including the establishment of supervisory colleges for significant ARTs (s-ARTs) and significant EMTs (s-EMTs).
The European Banking Authority (EBA) published today a No Action letter advising the EU Commission, EU Council and EU Parliament to ensure that, in the long term, EU law needs to avoid a dual authorisation under two pieces of EU law for the activity of transacting electronic money tokens (EMTs). While the existing Payment Services Directive 2 (PSD2) still applies, the letter advises national competent authorities (NCAs) to enforce authorisation of PSD2 for a specified subset only of crypto asset service providers (CASPs) that transact EMTs, to do so only after a transition period that ends on 2 March 2026, and then to deprioritise specified PSD2 provisions.
The European Banking Authority (EBA) today published its response to the European Commission’s Call for Advice on two EC delegated acts under the Markets in Crypto-assets Regulation (MiCAR) relating to the criteria for determining the significance of asset-referenced tokens (ARTs) and electronic money tokens (EMTs) and to the supervisory fees that may be charged by the EBA to issuers of significant ARTs and significant EMTs.
The European Banking Authority (EBA) today published a statement for the attention of financial institutions and other undertakings who intend to commence, or have commenced, asset-referenced token (ART) or electronic money token (EMT) activities prior to 30 June 2024 (the application date for the relevant provisions of the Markets in Crypto-assets Regulation - MiCAR) and for competent authorities. The statement is intended to encourage timely preparatory actions to MiCAR application, with the objectives to reduce the risks of potentially disruptive and sharp business model adjustments at a later stage, to foster supervisory convergence, and to facilitate the protection of consumers.
The European Banking Authority (EBA) publishes today the package of technical standards and guidelines under MiCAR on the topics of reporting, liquidity stress testing and supervisory colleges. This package completes the delivery of EBA technical standards under MiCAR. The package of EBA regulatory products comprises:
The European Banking Authority (EBA) today published its final Guidelines on the orderly redemption of token holders in case of crisis of the issuer. The Guidelines, which are addressed to competent authorities designated under the Markets in Crypto-Assets Regulation (MiCAR), cover issuers of asset-referenced tokens (ARTs) and of e-money tokens (EMTs).
The European Banking Authority (EBA) published today an Opinion advising national competent authorities (NCAs) under the Revised Payment Services Directive (PSD2) on how to proceed once the transition period that is set in the EBA’s No-Action Letter of 2 June 2025 (EBA/Op/2025/08) comes to an end on 2 March 2026. The transition period allows crypto asset service providers (CASPs) nine months to continue transacting electronic money tokens that qualify as payment services while submitting, and awaiting the response to, their application for authorisation under PSD2.
The European Banking Authority (EBA) today launched a consultation under the Markets in Crypto-Assets Regulation (MiCAR) on draft Regulatory Technical Standards (RTS) specifying the methodology to be applied by issuers of asset-referenced tokens (ARTs) and of e-money tokens (EMTs) denominated in a non-EU currency for reporting transactions associated to uses of these tokens “as a means of exchange”. In addition, the EBA also consulted on draft Implementing Technical Standards (ITS) specifying the related reporting requirements under MiCAR. These consultations together with other consultations papers published today form part of the third batch of MiCAR policy products. All consultations run until 8 February 2024.