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The European Banking Authority (EBA) has issued an opinion on proposed changes to the draft Regulatory Technical Standards (RTS) concerning the authorization of public offers or trading of asset-referenced tokens under the Markets in Crypto-Assets Regulation (MiCAR). This announcement was made in a press release dated February 27.
According to the press release, the EBA has accepted the European Commission's proposed amendments to its draft RTS on asset-referenced tokens (ARTs) under MiCAR. The EBA recommends modifying the Level 1 text to incorporate requirements related to market policy abuse, third-party audits of Distributed Ledger Technology (DLT), and a more comprehensive definition of "good repute."
This opinion is based on Regulation (EU) No 1093/2010 and responds to the European Commission’s amendments to the draft RTS. The RTS, which aim at regulating ART market access, were initially submitted by the EBA in May 2024. The European Commission endorsed them with amendments in January 2025.
