Quantcast

European Banking Authority emphasizes application of MiCAR, priorities to supervise ART, EMT issuers

BaFin announces warning on unauthorized services by SNB Capital Limited
Polymarket Threatened With Ban By Thailand Cyber ​​Police
Bitcoin: Pro-Crypto Cynthia Lummis Heads New Senate Subcommittee
Trump's Future Treasury Secretary Holds $500,000 in Bitcoin ETFs
Bitcoin Difficulty Hits All-Time High, Adjusts Positively for 8th Consecutive Time
Bybit halts India service following string of suspensions in other markets
Hong Kong launches 'supervision incubator' to help banks adopt blockchains
MEP Berger: 'The FDP needs Bitcoin'
Sen. Lummis on Ex-Vice Chair of Federal Reserve: He was 'enabling Chokepoint 2.0'
3 Russians Face U.S. Money Laundering Charges Over Mixing Services: DOJ
US Senate: Pro-Bitcoin leader heads crypto subcommittee
Gemini Agrees to Pay $5M Settlement in CFTC Case
Bhutan economic hub to set up strategic crypto reserve
CFTC: Rostin Behnam announces his resignation
Bountycaster Co-Founder on loan rejection: I 'Experienced Operation Chokepoint 2.0 firsthand'
Strategic Bitcoin Reserve: Czech Central Bank does not rule out this possibility
Binance marks 21st global regulatory milestone with authorization in Brazil
Crypto and Stock Market: what not to miss for the week of January 6 to 12
French regulator authorizes crypto operations for BPCE subsidiary
Dutch Regulator AFM Awards EU MiCA License to 4 Companies
MiCA can attract more crypto investment despite overregulation concerns
MicroStrategy Buys a Further 1,070 Bitcoin
Crypto Youtuber on Chokepoint 2.0: I got 'denied from opening a bank account'
Expert accuses BlackRock of manipulating Bitcoin price
Centralization and the authoritarian threat to privacy — Web3 exec
MicroStrategy Buys Another 2,138 Bitcoin, Adding to Holdings for an 8th Straight Week
EU crypto regulation MiCA comes fully into force
Russia enforces a six-year ban on cryptocurrency mining across ten regions
Bitcoin Kimchi Premium Spikes as South Korea's Political Turmoil Escalates
Artificial Intelligence: Bitcoin at $1 million in 2030 if these 3 conditions are met
European Banking Authority emphasizes application of MiCAR, priorities to supervise ART, EMT issuers
Web3/Crypto
Webp josemanuelcampa800x450
Jose Manuel Campa, Chair of the EBA | LinkedIn

The European Banking Authority (EBA) issued a statement for individuals interested in issuing, offering, or trading asset-referenced tokens (ARTs) and e-money tokens (EMTs), highlighting priorities for the consistent application of markets in crypto assets (MiCAR). The EBA made this statement on July 5.

The European Banking Authority is an independent EU Authority that works to ensure effective and consistent prudential regulation and supervision in the European banking sector, according to the EBA’s "About Us" page. The organization is dedicated to contributing to the stability and effectiveness of the European financial system.

According to MiCAR, a regime was created to allow for the regulation and supervision of crypto asset issuance and crypto asset service provision in the European Union. The EBA issued a statement focused on MiCAR on July 12. It discusses the guiding principles for financial institutions that may carry out ART/EMT activities and encourages financial institutions to complete a comprehensive legal assessment to ensure that the ART/EMT activities are legal and to determine what legal, regulatory, and supervisory conditions are required where the institution is located. The EBA also suggests conducting a robust assessment of how the ART/EMT activities might affect the organization’s risk management profile.

Get the Newsletter
Sign-up to receive weekly round up of news from Crypto Republique
By submitting, you agree to our Privacy Policy and Terms of Service. By providing your phone number you are opting in and consenting to receive recurring SMS/MMS messages, including automated texts, to that number from our short code. Msg & data rates may apply. Reply HELP for help, STOP to end. SMS opt-in will not be sold, rented, or shared.

The guiding principles include disclosure to potential acquirers and holders of ARTs and EMTs, fair treatment, having a well-defined business model, ensuring sound governance including effective risk management commensurate with the nature, scale, and complexity of the ART/EMT activities and the wider business model of the entity; creation of robust reserve, recovery, and redemption arrangements; communication of information to the competent authority of the intention to offer ARTs or EMTs to the public or seek admission to trading, according to the July 12 statement from the EBA.

More News

Brad Garlinghouse, CEO of Ripple, said that the company enables global financial institutions to enhance cross-border payments and efficiency through digital technology.

Jul 9, 2025

Changpeng Zhao, founder of Binance, said that a move for Fannie Mae and Freddie Mac to count bitcoin as a mortgage asset signals a shift in the American Dream.

Jul 7, 2025

Binance has announced the launch of PIXEL APR Boost Airdrop Rewards for the 11th project on BNSOL Super Stake, in collaboration with Pixels (PIXEL), a web3 game on the Ronin Network.

Jul 7, 2025

Michael Saylor, executive chairman of Strategy (formerly MicroStrategy), said that public companies increased their bitcoin holdings more rapidly than exchange-traded funds (ETFs) in the second quarter.

Jul 5, 2025

CoinFlip, a global digital currency platform, has announced the launch of a new user interface for its CoinFlip Preferred service.

Jun 30, 2025

Gum Shoe, a crypto influencer, has highlighted the long wait times and high fees at Coinbase compared to better service at Binance as evidence of the need for increased competition among U.S. crypto exchanges.

Jun 23, 2025