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MiCA Recital (103) — preamble

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MiCA Recital (103) — preamble (103)Competent authorities in charge of supervision under Directive 2009/110/EC should supervise issuers of e-money tokens.

However, given the potential widespread use of significant e-money tokens as a means of payment and the risks they can pose to financial stability, a dual supervision both by competent authorities and by EBA of issuers of significant e-money tokens is necessary.

EBA should supervise the compliance by issuers of significant e-money tokens with the specific additional requirements set out in this Regulation for such tokens.

Since the specific additional requirements should apply only to electronic money institutions issuing significant e-money tokens, credit institutions issuing significant e-money tokens, to which such requirements do not apply, should remain supervised by their respective competent authorities.

The dual supervision should address the very specific nature of the risks posed by emoney tokens, and should not set a precedent for any other Union legislative acts on financial services.

32023R1114

docs_evidence/eu-legislation/eurlex-full-text/20260823T093000Z/32023R1114.pdf · sha256 32c6d21e712dbb719a9a6b2d39e85133f3059d9e02d8d9ce70d35332bd568b8b · saved and fingerprinted 20260823T093000Z · Recital (103); PDF page 12; derived-text line 821

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