Stablecoins across saved source records.

Matched: asset-referenced token, e-money token — …requirements for the offer to the public and admission to trading on a trading platform of crypto-assets other than asset-referenced tokens and e-money tokens, of asset-referenced tokens and of e-money tokens, as well as requirements for crypto-asset service providers. 2. In particular, this Regulation lays down the following: (a) transparency…

Read the full text → · Open primary source →

Matched: e-money token — …following: (a) financial instruments; (b) deposits, including structured deposits; (c) funds, except if they qualify as e-money tokens; (d) securitisation positions in the context of a securitisation as defined in Article 2, point (1), of Regulation (EU) 2017/2402; (e) non-life or life insurance products falling within the classes of insurance…

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — …able to be transferred and stored electronically using distributed ledger technology or similar technology; (6) ‘asset-referenced token’ means a type of crypto-asset that is not an electronic money token and that purports to maintain a stable value by referencing another value or right or a combination thereof, including one or more official…

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — Article 4 Offers to the public of crypto-assets other than asset-referenced tokens or e-money tokens 1. A person shall not make an offer to the public of a crypto-asset other than an asset-referenced token or e-money token in the Union unless that person: (a) is a legal person; (b) has…

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — Article 5 Admission to trading of crypto-assets other than asset-referenced tokens or e-money tokens 1. A person shall not seek admission to trading of a crypto-asset other than an asset-referenced token or e-money token within the Union unless that person: (a) is a legal person; (b)…

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — …communications 1. Any marketing communications relating to an offer to the public of a crypto-asset other than an asset-referenced token or e-money token, or to the admission to trading of such crypto-asset, shall comply with all of the following requirements: (a) the marketing communications are clearly identifiable as such; (b) the information…

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — …seeking admission to trading, or operators of trading platforms for crypto-assets other than assetreferenced tokens or e-money tokens shall notify their crypto-asset white paper to the competent authority of their home Member State. 2. Marketing communications shall, upon request, be notified to the competent authority of the home Member State…

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — …of the marketing communications 1. Offerors and persons seeking admission to trading of crypto-assets other than asset-referenced tokens or e-money tokens shall publish their crypto-asset white papers and, where applicable, their marketing communications, on their website, which shall be publicly accessible, at a reasonable time in advance…

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — Article 10 Result of the offer to the public and safeguarding arrangements 1. Offerors of crypto-assets other than asset-referenced tokens or e-money tokens that set a time limit on their offer to the public of those crypto-assets shall publish on their website the result of the offer to the public within 20 working days of the end of the…

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — Article 11  Rights of offerors and persons seeking admission to trading of crypto-assets other than asset-referenced tokens or emoney tokens 1. After publication of the crypto-asset white paper in accordance with Article 9 and, where applicable, of the modified crypto-asset white paper in accordance with Article 12, offerors…

Read the full text → · Open primary source →

Matched: e-money token — …seeking admission to trading or operators of a trading platform for crypto-assets other than assetreferenced tokens or e-money tokens shall modify their published crypto-asset white papers and, where applicable, their published marketing communications, whenever there is a significant new factor, material mistake or material inaccuracy that is…

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — Article 13 Right of withdrawal 1. Retail holders who purchase crypto-assets other than asset-referenced tokens and e-money tokens either directly from an offeror or from a crypto-asset service provider placing crypto-assets on behalf of that offeror shall have a right of withdrawal. Retail holders shall have a period…

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — Article 14 Obligations of offerors and persons seeking admission to trading of crypto-assets other than asset-referenced tokens or e-money tokens 1. Offerors and persons seeking admission to trading of crypto-assets other than asset-referenced tokens or e-money tokens shall: (a) act honestly, fairly and professionally; (b) communicate…

Read the full text → · Open primary source →

Matched: asset-referenced token — …the offeror, person seeking admission to trading, or operator of the trading platform for crypto-assets other than asset-referenced tokens or emoney tokens has infringed Article 6 by providing information that is not complete, fair or clear, or that is misleading and that reliance on such information had an impact on the holder’s decision…

Read the full text → · Open primary source →

Matched: asset-referenced token — Article 16 Authorisation 1. A person shall not make an offer to the public, or seek the admission to trading, of an asset-referenced token, within the Union, unless that person is the issuer of that asset-referenced token and is: (a) a legal person or other undertaking that is established in the Union and has been authorised in accordance with…

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — Article 17 Requirements for credit institutions 1. An asset-referenced token issued by a credit institution may be offered to the public or admitted to trading if the credit institution: (a) draws up a crypto-asset white paper as referred to in Article 19 for the asset-referenced…

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — …authorisation 1. Legal persons or other undertakings that intend to offer to the public or seek the admission to trading of asset-referenced tokens shall submit their application for an authorisation referred to in Article 16 to the competent authority of their home Member State. 2. The application referred to in paragraph 1 shall contain all of the…

Read the full text → · Open primary source →

Matched: asset-referenced token — Article 19 Content and form of the crypto-asset white paper for asset-referenced tokens 1. A crypto-asset white paper for an asset-referenced token shall contain all of the following information, as further specified in Annex II: (a) information about the issuer of the asset-referenced token;…

Read the full text → · Open primary source →

Matched: asset-referenced token — …the draft decision and the application, issue an opinion as regards its evaluation of the risks that issuing that asset-referenced token might pose to financial stability, the smooth operation of payment systems, monetary policy transmission and monetary sovereignty, and transmit its opinion to the competent authority concerned. Without prejudice…

Read the full text → · Open primary source →

Matched: asset-referenced token — …1095/2010, respectively, on the assessment of the suitability of the members of the management body of issuers of asset-referenced tokens and of the shareholders and members, whether direct or indirect, that have qualifying holdings in issuers of asset-referenced tokens. 4. Competent authorities shall also refuse authorisation if the ECB…

Read the full text → · Open primary source →

Matched: asset-referenced token — Article 22 Reporting on asset-referenced tokens 1. For each asset-referenced token with an issue value that is higher than EUR 100 000 000, the issuer shall report on a quarterly basis to the competent authority the following information: (a) the number…

Read the full text → · Open primary source →

Matched: asset-referenced token — Article 23 Restrictions on the issuance of asset-referenced tokens used widely as a means of exchange 1. Where, for an asset-referenced token, the estimated quarterly average number and average aggregate value of transactions per day associated to its uses as a means of…

Read the full text → · Open primary source →

Matched: asset-referenced token — Article 24 Withdrawal of the authorisation 1. Competent authorities shall withdraw the authorisation of an issuer of an asset-referenced token in any of the following situations: (a) the issuer has ceased to engage in business for six consecutive months, or has not used its authorisation for 12 consecutive months; (b) the issuer has obtained its…

Read the full text → · Open primary source →

Matched: asset-referenced token — Article 25 Modification of published crypto-asset white papers for asset-referenced tokens 1. Issuers of asset-referenced tokens shall notify the competent authority of their home Member State of any intended change of their business model likely to have a significant influence on the purchase…

Read the full text → · Open primary source →

Matched: asset-referenced token — Article 26 Liability of issuers of asset-referenced tokens for the information given in a crypto-asset white paper 1. Where an issuer has infringed Article 19 by providing in its crypto-asset white paper or in a modified crypto-asset white paper information that…

Read the full text → · Open primary source →

Matched: asset-referenced token — Article 27 Obligation to act honestly, fairly and professionally in the best interest of the holders of asset-referenced tokens 1. Issuers of asset-referenced tokens shall act honestly, fairly and professionally and shall communicate with the holders and prospective holders of asset-referenced tokens in a fair, clear and not misleading…

Read the full text → · Open primary source →

Matched: asset-referenced token — Article 28 Publication of the crypto-asset white paper An issuer of an asset-referenced token shall publish on its website the approved crypto-asset white paper referred to in Article 17(1) or Article 21(1) and, where applicable, the modified crypto-asset white paper referred to in Article 25. The…

Read the full text → · Open primary source →

Matched: asset-referenced token — Article 29 Marketing communications 1. Any marketing communications relating to an offer to the public of an asset-referenced token, or to the admission to trading of such asset-referenced token, shall comply with all of the following requirements: (a) the marketing communications are clearly identifiable as such; (b) the information…

Read the full text → · Open primary source →

Matched: asset-referenced token — Article 30 Ongoing information to holders of asset-referenced tokens 1. Issuers of asset-referenced tokens shall in a clear, accurate and transparent manner disclose, in a publicly and easily accessible place on their website, the amount of asset-referenced tokens in circulation,…

Read the full text → · Open primary source →

Matched: asset-referenced token — Article 31 Complaints-handling procedures 1. Issuers of asset-referenced tokens shall establish and maintain effective and transparent procedures for the prompt, fair and consistent handling of complaints received from holders of asset-referenced tokens and other interested parties,…

Read the full text → · Open primary source →

Matched: asset-referenced token — Article 32 Identification, prevention, management and disclosure of conflicts of interest 1. Issuers of asset-referenced tokens shall implement and maintain effective policies and procedures to identify, prevent, manage and disclose conflicts of interest between themselves and: (a) their shareholders or members; (b) any shareholder…

Read the full text → · Open primary source →

Matched: asset-referenced token — Article 33 Notification of changes to management body Issuers of asset-referenced tokens shall notify immediately their competent authority of any changes to their management body, and shall provide their competent authority with all of the necessary information to assess compliance with Article…

Read the full text → · Open primary source →

Matched: asset-referenced token — Article 34 Governance arrangements  1. Issuers of asset-referenced tokens shall have robust governance arrangements, including a clear organisational structure with well-defined, transparent and consistent lines of responsibility, effective processes to identify, manage, monitor…

Read the full text → · Open primary source →

Matched: asset-referenced token — Article 35 Own funds requirements 1. Issuers of asset-referenced tokens shall, at all times, have own funds equal to an amount of at least the highest of the following: (a) EUR 350 000; (b) 2 % of the average amount of the reserve of assets referred to in Article 36; (c) a…

Read the full text → · Open primary source →

Matched: asset-referenced token — …36 Obligation to have a reserve of assets, and composition and management of such reserve of assets 1. Issuers of asset-referenced tokens shall constitute and at all times maintain a reserve of assets. The reserve of assets shall be composed and managed in such a way that: (a) the risks associated to the assets referenced by the asset-referenced…

Read the full text → · Open primary source →

Matched: asset-referenced token — Article 37 Custody of reserve assets 1. Issuers of asset-referenced tokens shall establish, maintain and implement custody policies, procedures and contractual arrangements that ensure at all times that: (a) the reserve assets are not encumbered nor pledged as a financial collateral…

Read the full text → · Open primary source →

Matched: asset-referenced token — Article 38 Investment of the reserve of assets 1. Issuers of asset-referenced tokens that invest a part of the reserve of assets shall only invest those assets in highly liquid financial instruments with minimal market risk, credit risk and concentration risk. The investments shall be capable…

Read the full text → · Open primary source →

Matched: asset-referenced token — Article 39 Right of redemption 1. Holders of asset-referenced tokens shall have a right of redemption at all times against the issuers of the asset-referenced tokens, and in respect of the reserve assets when issuers are not able to meet their obligations as referred to…

Read the full text → · Open primary source →

Matched: asset-referenced token — Article 40 Prohibition of granting interest 1. Issuers of asset-referenced tokens shall not grant interest in relation to asset-referenced tokens. 2. Crypto-asset service providers shall not grant interest when providing crypto-asset services related to asset-referenced tokens. 3. For…

Read the full text → · Open primary source →

Matched: asset-referenced token — Article 41 Assessment of proposed acquisitions of issuers of asset-referenced tokens 1. Any natural or legal persons or such persons acting in concert who intend to acquire, directly or indirectly (the ‘proposed acquirer’), a qualifying holding in an issuer of an asset-referenced token…

Read the full text → · Open primary source →

Matched: asset-referenced token — Article 42 Content of the assessment of proposed acquisitions of issuers of asset-referenced tokens 1. When performing the assessment referred to in Article 41(4), the competent authority shall appraise the suitability of the proposed acquirer and the financial soundness of the proposed acquisition referred…

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — Article 43 Classification of asset-referenced tokens as significant asset-referenced tokens 1. The criteria for classifying asset-referenced tokens as significant asset-referenced tokens shall be the following, as further specified by the delegated acts adopted…

Read the full text → · Open primary source →

Matched: asset-referenced token — Article 44 Voluntary classification of asset-referenced tokens as significant asset-referenced tokens 1. Applicant issuers of asset-referenced tokens may indicate in their application for authorisation pursuant to Article 18, or in their notification pursuant to Article…

Read the full text → · Open primary source →

Matched: asset-referenced token — Article 45 Specific additional obligations for issuers of significant asset-referenced tokens 1. Issuers of significant asset-referenced tokens shall adopt, implement and maintain a remuneration policy that promotes the sound and effective risk management of such issuers and that does not create…

Read the full text → · Open primary source →

Matched: asset-referenced token — Article 46 Recovery plan 1. An issuer of an asset-referenced token shall draw up and maintain a recovery plan providing for measures to be taken by the issuer to restore compliance with the requirements applicable to the reserve of assets in cases where the issuer fails…

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — Article 47 Redemption plan  1. An issuer of an asset-referenced token shall draw up and maintain an operational plan to support the orderly redemption of each asset-referenced token, which is to be implemented upon a decision by the competent authority that the issuer is unable…

Read the full text → · Open primary source →

Matched: e-money token — Article 48 Requirements for the offer to the public or admission to trading of e-money tokens 1. A person shall not make an offer to the public or seek the admission to trading of an e-money token, within the Union, unless that person is the issuer of such e-money token and: (a) is authorised as a credit…

Read the full text → · Open primary source →

Matched: e-money token — Article 49 Issuance and redeemability of e-money tokens 1. By way of derogation from Article 11 of Directive 2009/110/EC, in respect of the issuance and redeemability of e-money tokens only the requirements set out in this Article shall apply to issuers of e-money tokens.…

Read the full text → · Open primary source →

Matched: e-money token — Article 50 Prohibition of granting interest 1. Notwithstanding Article 12 of Directive 2009/110/EC, issuers of e-money tokens shall not grant interest in relation to emoney tokens. 2. Crypto-asset service providers shall not grant interest when providing crypto-asset services related to e-money tokens. 3. For the purposes of paragraphs…

Read the full text → · Open primary source →

Matched: e-money token — Article 51 Content and form of the crypto-asset white paper for e-money tokens 1. A crypto-asset white paper for an e-money token shall contain all of the following information, as further specified in Annex III: (a) information about the issuer of the e-money token; (b) information about…

Read the full text → · Open primary source →

Matched: e-money token — Article 52 Liability of issuers of e-money tokens for the information given in a crypto-asset white paper 1. Where an issuer of an e-money token has infringed Article 51, by providing in its crypto-asset white paper or in a modified crypto-asset white paper, information…

Read the full text → · Open primary source →

Matched: e-money token — Article 53 Marketing communications  1. Marketing communications relating to an offer to the public of an e-money token, or to the admission to trading of such e-money token, shall comply with all the following requirements: (a) the marketing communications are clearly identifiable as such; (b) the information in the marketing communications…

Read the full text → · Open primary source →

Matched: e-money token — Article 54 Investment of funds received in exchange for e-money tokens Funds received by issuers of e-money tokens in exchange for e-money tokens and safeguarded in accordance with Article 7(1) of Directive 2009/110/EC shall comply with the following: (a) at least 30 % of the funds…

Read the full text → · Open primary source →

Matched: e-money token — Article 55 Recovery and redemption plans Title III, Chapter 6 shall apply mutatis mutandis to issuers of e-money tokens. By way of derogation from Article 46(2), the date by which the recovery plan is to be notified to the competent authority shall, in respect of issuers of e-money tokens, be within six months of the date of the…

Read the full text → · Open primary source →

Matched: e-money token — Article 56 Classification of e-money tokens as significant e-money tokens 1. EBA shall classify e-money tokens as significant e-money tokens where at least three of the criteria set out in Article 43(1) are met: (a) during the period covered by the first…

Read the full text → · Open primary source →

Matched: e-money token — Article 57 Voluntary classification of e-money tokens as significant e-money tokens 1. An issuer of an e-money token, authorised as a credit institution or as an electronic money institution, or applying for such authorisation, may indicate that it wishes for its e-money…

Read the full text → · Open primary source →

Matched: e-money token — Article 58 Specific additional obligations for issuers of e-money tokens 1. Electronic money institutions issuing significant e-money tokens shall be subject to: (a) the requirements referred to in Articles 36, 37, 38 and Article 45, (1) to (4) of this Regulation, instead of Article…

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — …crypto-assets on behalf of clients and transfer services for crypto-assets on behalf of clients with regard to the e-money tokens it issues if it notifies the competent authority of the home Member State of the information referred to in paragraph 7 of this Article at least 40 working days before providing those services for the first time.…

Read the full text → · Open primary source →

Matched: e-money token — …own account. 2. Where their business models or the crypto-asset services require holding clients’ funds other than e-money tokens, crypto-asset service providers shall have adequate arrangements in place to safeguard the ownership rights of clients and prevent the use of clients’ funds for their own account. 3. Crypto-asset service providers…

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — …service providers operating a trading platform shall also assess the suitability of the crypto-assets other than asset-referenced tokens or e-money tokens referred to in Article 4(3), first subparagraph, points (a) to (d). 3. The operating rules of the trading platform for crypto-assets shall prevent the admission to trading of crypto-assets…

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — …imposition of a deadline; (i) to require offerors, persons seeking admission to trading of crypto-assets, or issuers of asset-referenced tokens or emoney tokens to amend their crypto-asset white paper or further amend their modified crypto-asset white paper, where they find that the crypto-asset white paper or the modified crypto-asset white paper…

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — …competent authorities. Where the on-site inspection or investigation referred to in paragraph 4 concerns an issuer of an asset-referenced token or emoney token or concerns crypto-asset services related to asset-referenced tokens or e-money tokens, EBA shall, where requested to do so by one of the competent authorities, coordinate the inspection…

Read the full text → · Open primary source →

Matched: asset-referenced token — …accompanying the crypto-asset white paper referred to in Article 8(4) and of the legal opinions on the qualification of asset-referenced tokens referred to in Article 17(1), point (b)(ii), and Article 18(2), point (e). The guidelines shall include a template for the explanation and the opinion and a standardised test for the classification of crypto-assets.…

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — Article 98 Cooperation with other authorities Where an offeror, person seeking admission to trading, an issuer of an asset-referenced token or e-money token or a cryptoasset service provider engages in activities other than those covered by this Regulation, the competent authorities shall cooperate with the authorities responsible for the supervision…

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — …activities of an offeror or person seeking admission to trading of crypto-assets, an issuer of an assetreferenced token or e-money token, or a crypto-asset service provider, it shall notify the competent authority of the home Member State and ESMA thereof. Where the irregularities referred to in the first subparagraph concern an issuer of an asset-referenced…

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — …fulfilled, temporarily prohibit or restrict: (a) the marketing, distribution or sale of certain crypto-assets other than asset-referenced tokens or e-money tokens or crypto-assets other than asset-referenced tokens or e-money tokens with certain specified features; or (b) a type of activity or practice related to crypto-assets other than asset-referenced…

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — …this Article are fulfilled, temporarily prohibit or restrict: (a) the marketing, distribution or sale of certain asset-referenced tokens or e-money tokens or asset-referenced tokens or emoney tokens with certain specified features; or (b) a type of activity or practice related to asset-referenced tokens or e-money tokens. A prohibition or…

Read the full text → · Open primary source →

Matched: e-money token — …intended to take effect, it has notified all other competent authorities and ESMA, or EBA for assetreferenced tokens and e-money tokens, in writing or through another medium agreed between the authorities, the following details: (a) the crypto-asset or activity or practice to which the proposed measure relates; (b) the precise nature of the proposed…

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — Article 106 Coordination with ESMA or EBA 1. ESMA or, for asset-referenced tokens and e-money tokens, EBA, shall perform a facilitating and coordinating role in relation to measures taken by competent authorities pursuant to Article 105. ESMA or, for asset-referenced tokens and emoney…

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — …regard to alleged infringements of this Regulation by offerors, persons seeking admission to trading, issuers of asset-referenced tokens or e-money tokens, or crypto-asset service providers. Complaints shall be accepted in writing, including electronically, and in an official language of the Member State in which the complaint is submitted,…

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — Article 109 Register of crypto-asset white papers, of issuers of asset-referenced tokens and e-money tokens, and of crypto-asset service providers 1. ESMA shall establish a register of: (a) crypto-asset white papers for crypto-assets other than asset-referenced tokens and e-money tokens; (b)…

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — …reporting such infringements. CHAPTER 4 Supervisory responsibilities of EBA with respect to issuers of significant asset-referenced tokens and significant e-money tokens and colleges of supervisors

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — Article 117 Supervisory responsibilities of EBA with respect to issuers of significant asset-referenced tokens and issuers of significant e-money tokens 1. Where an asset-referenced token has been classified as significant in accordance with Article 43 or 44, the issuer of such asset-referenced token shall carry…

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — Article 119 Colleges for issuers of significant asset-referenced tokens and significant e-money tokens 1. Within 30 calendar days of a decision to classify an asset-referenced token or e-money token as significant pursuant to Article 43, 44, 56 or 57, as applicable, EBA shall…

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — Article 120 Non-binding opinions of the colleges for issuers of significant asset-referenced tokens and significant e-money tokens 1. A college referred to in Article 119(1) may issue a non-binding opinion on the following: (a) the supervisory reassessment as referred to in Article 117(3); (b) any decision…

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — …information necessary to enable EBA to carry out its duties under this Regulation: (a) an issuer of a significant asset-referenced token or a person controlling or being directly or indirectly controlled by an issuer of a significant asset-referenced token; (b) a third party as referred to in Article 34(5), first subparagraph, point (h),…

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — …out its supervisory responsibilities under Article 117, EBA may conduct investigations into issuers of significant asset-referenced tokens and issuers of significant e-money tokens. To that end, the officials and other persons authorised by EBA shall be empowered to: (a) examine any records, data, procedures and any other material relevant…

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — …Article 117, EBA may conduct all necessary on-site inspections at any business premises of the issuers of significant asset-referenced tokens and issuers of significant e-money tokens. The college referred to in Article 119 shall be informed without undue delay of any findings that might be relevant for the execution of its tasks. 2. The officials…

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — …purpose, the competent authorities and EBA shall exchange any information related to: (a) an issuer of a significant asset-referenced token or a person controlling or being directly or indirectly controlled by an issuer of a significant asset-referenced token; (b) a third party as referred to in Article 34(5), first subparagraph, point (h),…

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — Article 128 Cooperation with other authorities Where an issuer of a significant asset-referenced token or an issuer of a significant e-money token engages in activities other than those covered by this Regulation, EBA shall cooperate with the authorities responsible for the supervision of such other activities…

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — Article 130 Supervisory measures by EBA 1. Where EBA finds that an issuer of a significant asset-referenced token has committed an infringement as listed in Annex V, it may take one or more of the following measures: (a) adopt a decision requiring the issuer of the significant asset-referenced token to cease the conduct…

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — …paragraph 3 or 4 of this Article where, in accordance with Article 134(8), it finds that: (a) an issuer of a significant asset-referenced token or a member of its management body has, intentionally or negligently, committed an infringement as listed in Annex V;  (b) an issuer of a significant e-money token or a member of its management body has,…

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — …shall not be involved or have been directly or indirectly involved in the supervision of the issuers of significant asset-referenced tokens or issuers of significant e-money tokens concerned and shall perform its functions independently from EBA. 2. The investigation officer shall investigate the alleged infringements, taking into account any…

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — Article 137 Supervisory fees  1. EBA shall charge fees to issuers of significant asset-referenced tokens and issuers of significant e-money tokens. Those fees shall cover EBA’s expenditure for the execution of its supervisory tasks relating to issuers of significant assetreferenced tokens and issuers of significant…

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — …authorities 1. Where necessary for the proper performance of a supervisory task in respect of issuers of significant asset-referenced tokens or issuers of significant e-money tokens, EBA may delegate specific supervisory tasks to a competent authority. Such specific supervisory tasks may include the power to carry out requests for information…

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — …necessity of the introduction of an approval mechanism for crypto-asset white papers for cryptoassets other than asset-referenced tokens and e-money tokens; (d) an estimate of the number of Union residents using or investing in crypto-assets issued in the Union; (e) where possible, an estimate of the number of Union residents using or investing…

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — …and their market capitalisation, and the number of cryptoassets admitted to trading; (b) the number of issuers of asset-referenced tokens, and an analysis of the categories of reserve assets, the size of the reserves of assets and the volume of transactions in asset-referenced tokens; (c) the number of issuers of significant asset-referenced…

Read the full text → · Open primary source →

Matched: e-money token — …lending and borrowing of crypto-assets; (c) an assessment of the treatment of services associated to the transfer of e-money tokens, where not addressed in the context of the review of Directive (EU) 2015/2366; (d) an assessment of the development of markets in unique and non-fungible crypto-assets and of the appropriate regulatory treatment…

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — …of derogation from Title II, only the following requirements shall apply in relation to crypto-assets other than asset-referenced tokens and e-money tokens that were admitted to trading before 30 December 2024: (a) Articles 7 and 9 shall apply to marketing communications published after 30 December 2024; (b) operators of trading platforms…

Read the full text → · Open primary source →

Matched: asset-referenced token — …3(1), point (7), of Regulation (EU) 2023/1114 of the European Parliament and of the Council (*13). 16. Issuance of asset-referenced tokens as defined in Article 3(1), point (6), of Regulation (EU) 2023/1114. 17. Crypto-asset services as defined in Article 3(1), point (16), of Regulation (EU) 2023/1114.

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — ANNEX I DISCLOSURE ITEMS FOR THE CRYPTO-ASSET WHITE PAPER FOR CRYPTO-ASSETS OTHER THAN ASSET-REFERENCED TOKENS OR E-MONEY TOKENS Part A: Information about the offeror or the person seeking admission to trading 1. Name; 2. Legal form; 3. Registered address and head office, where different; 4. Date of the registration;…

Read the full text → · Open primary source →

Matched: asset-referenced token — ANNEX II DISCLOSURE ITEMS FOR THE CRYPTO-ASSET WHITE PAPER FOR AN ASSET-REFERENCED TOKEN Part A: Information about the issuer of the asset-referenced token 1. Name; 2. Legal form; 3. Registered address and head office, where different; 4. Date of the registration; 5. Legal entity identifier…

Read the full text → · Open primary source →

Matched: e-money token — ANNEX III DISCLOSURE ITEMS FOR THE CRYPTO-ASSET WHITE PAPER FOR AN E-MONEY TOKEN Part A: Information about the issuer of the e-money token 1. Name; 2. Legal form; 3. Registered address and head office, where different; 4. Date of the registration; 5. Legal entity identifier or another identifier…

Read the full text → · Open primary source →

Matched: asset-referenced token — ANNEX V LIST OF INFRINGEMENTS REFERRED TO IN TITLES III AND VI FOR ISSUERS OF SIGNIFICANT ASSET-REFERENCED TOKENS 1. 2. 3. 4. 5. 6. 7. The issuer infringes Article 22(1) by not reporting, for each significant asset-referenced token with an issue value that is higher than EUR 100 000 000, on a quarterly basis to EBA…

Read the full text → · Open primary source →

Matched: e-money token — …LIST OF INFRINGEMENTS OF PROVISIONS REFERRED TO IN TITLE IV IN CONJUNCTION WITH TITLE III FOR ISSUERS OF SIGNIFICANT E-MONEY TOKENS 1. The issuer infringes Article 22(1) by not reporting, for each significant e-money token denominated in a currency that is not an official currency of a Member State with an issue value that is higher than EUR…

Read the full text → · Open primary source →

Matched: e-money token — …2015/2366 of the European Parliament and of the Council (8), except if they qualify as electronic money tokens (‘e-money tokens’), those that qualify as securitisation positions as defined in Regulation (EU) 2017/2402 of the European Parliament and of the Council (9), and those that qualify as non-life or life insurance contracts, pension…

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — …banknotes and are likely to be used for making payments. Those crypto-assets should be defined in this Regulation as ‘e-money tokens’. The second type of crypto-assets concerns ‘asset-referenced tokens’, which aim to stabilise their value by referencing another value or right, or combination thereof, including one or several official currencies.…

Read the full text → · Open primary source →

Matched: e-money token — …crypto-assets. Accordingly, to avoid circumvention of the rules laid down in Directive 2009/110/EC, any definition of e-money tokens should be as wide as possible to capture all types of crypto-assets referencing a single official currency. In addition, strict conditions on the issuance of e-money tokens should be laid down, including an obligation…

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — …is necessary to lay down rules for offerors and persons seeking admission to trading of crypto-assets other than asset-referenced tokens and e-money tokens, as well as for issuers of asset-referenced tokens and e-money tokens. Issuers of crypto-assets are entities that have control over the creation of crypto-assets.

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — (23) To ensure that all offers to the public of crypto-assets other than asset-referenced tokens or e-money tokens, which can potentially have a financial use, or all admissions of crypto-assets to trading on a trading platform for crypto-assets (‘admission to trading’), in the Union, are properly…

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — …of the crypto-assets that they intend to purchase. When making an offer to the public of cryptoassets other than asset-referenced tokens or e-money tokens or when seeking admission to trading of such crypto-assets in the Union, offerors or persons seeking admission to trading should draw up, notify to their competent authority and publish…

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — …proportionate approach, no requirements of this Regulation should apply to offers to the public of crypto-assets other than asset-referenced tokens or e-money tokens that are offered for free or that are automatically created as a reward for the maintenance of a distributed ledger or the validation of transactions in the context of a consensus mechanism.…

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — …Regulation to draw up and publish a crypto-asset white paper should not apply to offers of crypto-assets other than asset-referenced tokens or e-money tokens that are made to fewer than 150 persons per Member State, or that are addressed solely to qualified investors where the cryptoassets can only be held by such qualified investors. SMEs…

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — (29) Even though some offers of crypto-assets other than asset-referenced tokens or e-money tokens are exempt from various obligations of this Regulation, Union legislative acts that ensure consumer protection, such as Directive 2005/29/EC of the European Parliament and of the Council…

Read the full text → · Open primary source →

Matched: e-money token — …supervision, offerors and persons seeking admission to trading of crypto-assets other than assetreferenced tokens or e-money tokens should, before making any offer to the public of crypto-assets in the Union or before those crypto-assets are admitted to trading, notify their crypto-asset white paper and, upon request of the competent authority,…

Read the full text → · Open primary source →

Matched: e-money token — …should be able to suspend or prohibit an offer to the public of crypto-assets other than assetreferenced tokens or e-money tokens, or the admission of such crypto-assets to trading, where such an offer to the public or admission to trading does not comply with the applicable requirements of this Regulation, including where the crypto-asset…

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — …published. After such publication, offerors and persons seeking admission to trading of crypto-assets other than asset-referenced tokens or e-money tokens should be allowed to offer those crypto-assets throughout the Union and to seek admission to trading of such crypto-assets in the Union.

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — (36) Offerors of crypto-assets other than asset-referenced tokens or e-money tokens should have effective arrangements in place to monitor and safeguard the funds or other crypto-assets raised during their offer to the public. Those arrangements should also ensure that…

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — …further ensure protection of retail holders of crypto-assets, retail holders that acquire crypto-assets other than asset-referenced tokens or e-money tokens directly from the offeror, or from a crypto-asset service provider placing the crypto-assets on behalf of the offeror, should be provided with a right of withdrawal during a period of…

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — (38) Offerors and persons seeking admission to trading of crypto-assets other than asset-referenced tokens or e-money tokens should act honestly, fairly and professionally, should communicate with holders and prospective holders of crypto-assets in a manner that is fair, clear and not misleading, should identify,…

Read the full text → · Open primary source →

Matched: asset-referenced token — (40) Asset-referenced tokens could be widely adopted by holders to transfer value or as a means of exchange and thus pose increased risks in terms of protection of holders of crypto-assets, in particular retail holders, and in terms…

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token, stablecoin — (41) Where a crypto-asset falls within the definition of an asset-referenced token or e-money token, Title III or IV of this Regulation should apply, irrespective of how the issuer intends to design the crypto-asset, including the mechanism for maintaining a stable value of the crypto-asset.…

Read the full text → · Open primary source →

Matched: asset-referenced token — (42) To ensure the proper supervision and monitoring of offers to the public of asset-referenced tokens, issuers of assetreferenced tokens should have a registered office in the Union.

Read the full text → · Open primary source →

Matched: asset-referenced token — (43) Offers to the public of asset-referenced tokens in the Union or seeking admission to trading of such crypto-assets should be permitted only where the competent authority has authorised the issuer of such crypto-assets to do so and has approved the relevant…

Read the full text → · Open primary source →

Matched: asset-referenced token — …should not need another authorisation under this Regulation in order to offer or seek the admission to trading of asset-referenced tokens. National procedures established under that Directive should apply but should be complemented by a requirement to notify the competent authority of the home Member State designated under this Regulation…

Read the full text → · Open primary source →

Matched: asset-referenced token — …authorisation on objective and demonstrable grounds, including where the business model of the applicant issuer of asset-referenced tokens might pose a serious threat to market integrity, financial stability or the smooth operation of payment systems. The competent authority should consult EBA, ESMA, the ECB and, where the issuer is established…

Read the full text → · Open primary source →

Matched: asset-referenced token — …binding insofar as it obliges a competent authority to refuse, withdraw or limit an authorisation of the issuer of asset-referenced tokens or to impose specific measures on the issuer of asset-referenced tokens. Article 263, first paragraph, TFEU provides that the Court of Justice of the European Union (the ‘Court of Justice’) should review…

Read the full text → · Open primary source →

Matched: asset-referenced token — (47) To ensure protection of retail holders, issuers of asset-referenced tokens should always provide holders of such tokens with information that is complete, fair, clear and not misleading. Crypto-asset white papers for asset-referenced tokens should include information on the stabilisation…

Read the full text → · Open primary source →

Matched: asset-referenced token — (48) In addition to the information provided in the crypto-asset white paper, issuers of asset-referenced tokens should also provide holders of such tokens with information on an ongoing basis. In particular, they should disclose on their website the amount of asset-referenced tokens in circulation and the value and…

Read the full text → · Open primary source →

Matched: asset-referenced token — (49) To ensure protection of retail holders, issuers of asset-referenced tokens should always act honestly, fairly and professionally and in the best interests of the holders of asset-referenced tokens. Issuers of asset-referenced tokens should also put in place a clear procedure for…

Read the full text → · Open primary source →

Matched: asset-referenced token — (50) Issuers of asset-referenced tokens should put in place a policy to identify, prevent, manage and disclose conflicts of interest that can arise from their relationships with their shareholders or members, or with any shareholder or member,…

Read the full text → · Open primary source →

Matched: asset-referenced token — (51) Issuers of asset-referenced tokens should have robust governance arrangements, including a clear organisational structure with well-defined, transparent and consistent lines of responsibility and effective processes to identify, manage,…

Read the full text → · Open primary source →

Matched: asset-referenced token — (52) Issuers of asset-referenced tokens are usually at the centre of a network of entities that ensure the issuance of such crypto-assets, their transfer and their distribution to holders. Issuers of asset-referenced tokens should therefore be…

Read the full text → · Open primary source →

Matched: asset-referenced token — (53) To address the risks to the financial stability of the wider financial system, issuers of asset-referenced tokens should be subject to own funds requirements. Those requirements should be proportionate to the issuance size of the assetreferenced tokens and therefore calculated as a percentage of the reserve of assets…

Read the full text → · Open primary source →

Matched: asset-referenced token — (54) In order to cover their liability against holders of asset-referenced tokens, issuers of asset-referenced tokens should constitute and maintain a reserve of assets matching the risks reflected in such liability. The reserve of assets should be used for the benefit of the holders…

Read the full text → · Open primary source →

Matched: asset-referenced token — (55) To prevent the risk of loss for asset-referenced tokens and to preserve the value of those assets, issuers of assetreferenced tokens should have an adequate custody policy for their reserve assets. That policy should ensure that the reserve assets are fully…

Read the full text → · Open primary source →

Matched: asset-referenced token — (56) To protect holders of asset-referenced tokens against a decrease in value of the assets backing the value of the tokens, issuers of asset-referenced tokens should only invest the reserve assets in secure, low-risk assets with minimal market, concentration…

Read the full text → · Open primary source →

Matched: asset-referenced token — (57) Holders of asset-referenced tokens should have a permanent right of redemption so that the issuer is required to redeem the asset-referenced tokens at any time, upon request by the holders of the asset-referenced tokens. The issuer of assetreferenced…

Read the full text → · Open primary source →

Matched: asset-referenced token — (58) To reduce the risk that asset-referenced tokens are used as a store of value, issuers of asset-referenced tokens and crypto-asset service providers, when providing crypto-asset services related to asset-referenced tokens, should not grant interest to…

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — (59) Asset-referenced tokens and e-money tokens should be deemed significant when they meet, or are likely to meet, certain criteria, including a large customer base, a high market capitalisation, or a large number of transactions.…

Read the full text → · Open primary source →

Matched: asset-referenced token — (60) A comprehensive monitoring of the entire ecosystem of issuers of asset-referenced tokens is important in order to determine the true size and impact of such tokens. To capture all transactions that are conducted in relation to any given asset-referenced token, the monitoring of such tokens…

Read the full text → · Open primary source →

Matched: asset-referenced token — (61) It is particularly important to estimate transactions settled with asset-referenced tokens associated to uses as a means of exchange within a single currency area, namely, those associated to payments of debts including in the context of transactions with merchants. Those transactions should…

Read the full text → · Open primary source →

Matched: asset-referenced token — (62) Where asset-referenced tokens pose a serious threat to the smooth operation of payment systems, monetary policy transmission or monetary sovereignty, central banks should be able to request the competent authority to withdraw the authorisation…

Read the full text → · Open primary source →

Matched: asset-referenced token — (64) Issuers of asset-referenced tokens should prepare a recovery plan providing for measures to be taken by the issuer to restore compliance with the requirements applicable to the reserve of assets, including in cases where the fulfilment of…

Read the full text → · Open primary source →

Matched: asset-referenced token — (65) Issuers of asset-referenced tokens should have a plan for the orderly redemption of the tokens to ensure that the rights of the holders of the asset-referenced tokens are protected where the issuers are not able to comply with their obligations,…

Read the full text → · Open primary source →

Matched: e-money token — (66) Issuers of e-money tokens should be authorised either as a credit institution under Directive 2013/36/EU or as an electronic money institution under Directive 2009/110/EC. E-money tokens should be deemed to be ‘electronic money’ as that…

Read the full text → · Open primary source →

Matched: e-money token — (67) Holders of e-money tokens should be provided with a claim against the issuer of the e-money tokens. Holders of emoney tokens should always be granted a right of redemption at par value for funds denominated in the official currency that…

Read the full text → · Open primary source →

Matched: e-money token — (68) To reduce the risk that e-money tokens are used as store of value, issuers of e-money tokens and crypto-asset service providers when they provide crypto-asset services related to e-money tokens, should not grant interest to holders of emoney tokens,…

Read the full text → · Open primary source →

Matched: e-money token — (69) The crypto-asset white paper drawn up by an issuer of e-money tokens should contain all information concerning that issuer and the offer of e-money tokens or their admission to trading that is necessary to enable prospective buyers to make an informed purchase decision and understand…

Read the full text → · Open primary source →

Matched: e-money token — (70) Where an issuer of e-money tokens invests the funds received in exchange for e-money tokens, such funds should be invested in assets denominated in the same official currency as the one that the e-money token is referencing in order to avoid cross-currency…

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — (71) Significant e-money tokens could pose greater risks to financial stability than e-money tokens that are not significant and traditional electronic money. Issuers of significant e-money tokens that are electronic money institutions should…

Read the full text → · Open primary source →

Matched: e-money token — (72) Issuers of e-money tokens should have in place recovery and redemption plans to ensure that the rights of the holders of the e-money tokens are protected when issuers are not able to comply with their obligations.

Read the full text → · Open primary source →

Matched: e-money token — (91) The tools provided by issuers of electronic money to their clients to manage an e-money token might not be distinguishable from the activity of providing custody and administration services as regulated by this Regulation. Electronic money institutions should therefore be able to provide custody services,…

Read the full text → · Open primary source →

Matched: e-money token — …electronic money under Directive 2009/110/EC should also be able to distribute emoney tokens on behalf of issuers of e-money tokens without being required to obtain prior authorisation under this Regulation to provide crypto-asset services. Such distributors should, therefore, be exempt from the requirement to seek authorisation as a crypto-asset…

Read the full text → · Open primary source →

Matched: e-money token — …crypto-assets on behalf of clients. Depending on the precise features of the services associated to the transfer of e-money tokens, such services could fall under the definition of payment services in Directive (EU) 2015/2366. In such cases, those transfers should be provided by an entity authorised to provide such payment services in accordance…

Read the full text → · Open primary source →

Matched: e-money token — (94) This Regulation should not address the lending and borrowing of crypto-assets, including e-money tokens, and therefore should not prejudice applicable national law. The feasibility and necessity of regulating such activities should be further assessed.

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — …sufficient powers to supervise the issuance, offer to the public and admission to trading of crypto-assets, including asset-referenced tokens or e-money tokens, as well as to supervise crypto-asset service providers. Those powers should include the power to suspend or prohibit an offer to the public or an admission to trading of crypto-assets…

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — …power to impose penalties on issuers, offerors or persons seeking admission to trading of crypto-assets, including asset-referenced tokens or e-money tokens, and on crypto-asset service providers. When determining the type and level of an administrative penalty or other administrative measure, competent authorities should take into account…

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — …crypto-assets and crypto-asset service providers, ESMA should establish a register of crypto-asset white papers, issuers of asset-referenced tokens, issuers of e-money tokens and crypto-asset service providers.

Read the full text → · Open primary source →

Matched: asset-referenced token — (102)Significant asset-referenced tokens can be used as a means of exchange and to make large volumes of payment transactions. Since such large volumes can pose specific risks to monetary transmission channels and monetary sovereignty, it is appropriate…

Read the full text → · Open primary source →

Matched: e-money token — (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…

Read the full text → · Open primary source →

Matched: e-money token — (104)Significant e-money tokens denominated in an official currency of a Member State other than the euro which are used as a means of exchange and in order to settle large volumes of payment transactions can, although unlikely to occur, pose…

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — (105)EBA should establish a college of supervisors for each issuer of significant asset-referenced tokens and of significant emoney tokens. Since issuers of significant asset-referenced tokens and of significant e-money tokens are usually at the centre of a network of entities that ensure the issuance, transfer…

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — (106)To supervise issuers of significant asset-referenced tokens and of significant e-money tokens, EBA should have the powers, amongst others, to carry out on-site inspections, take supervisory measures and impose fines.

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — (107)EBA should charge fees to issuers of significant asset-referenced tokens and of significant e-money tokens to cover its costs, including for overheads. For issuers of significant asset-referenced tokens, the fee should be proportionate to the size of their reserve of assets.…

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — …adjust them to market and technological developments, further specifying certain criteria to determine whether an asset-referenced token or an e-money token should be classified as significant, determining when there is a significant investor protection concern or a threat to the proper functioning and integrity of markets in cryptoassets…

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — …crypto-asset; the procedure for approval of crypto-asset white papers submitted by credit institutions when issuing asset-referenced tokens; the information that an application for authorisation as an issuer of asset-referenced tokens should contain; the methodology to estimate the quarterly average number and average aggregate value of transactions…

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — …templates and procedures to transmit information for the purposes of the application for authorisation as an issuer of asset-referenced tokens; establishing standard forms, formats and templates for the purposes of reporting on asset-referenced tokens and e-money tokens denominated in a currency which is not an official currency of a Member State…

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — …the legal framework applicable to offerors or persons seeking the admission to trading of crypto-assets other than asset-referenced tokens and e-money tokens, to issuers of asset-referenced tokens and e-money tokens and to crypto-asset service providers, and ensuring the proper functioning of markets in crypto-assets while ensuring the protection…

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — …avoid disrupting market participants that provide services and activities in relation to crypto-assets other than asset-referenced tokens and e-money tokens that have been issued before the date of application of this Regulation, issuers of such crypto-assets should be exempt from the obligation to publish a crypto-asset white paper and certain…

Read the full text → · Open primary source →

Matched: asset-referenced token, e-money token — (116)Given that EBA should be mandated with the direct supervision of issuers of significant asset-referenced tokens and of significant e-money tokens, and ESMA should be mandated to make use of its powers in relation to significant cryptoasset service providers, it is necessary to ensure that EBA and ESMA are able to…

Read the full text → · Open primary source →

Matched: asset-referenced token — …1095/2010 and Directives 2013/36/EU and (EU) 2019/1937 (`the Regulation on markets in crypto-assets') and issuers of asset-referenced tokens; (g) central securities depositories; (h) central counterparties; (i) trading venues; (j) trade repositories; (k) managers of alternative investment funds; (l) management companies; (m) data reporting service…

Open primary source →

Matched: asset-referenced token — …service provider as defined in the relevant provision of the Regulation on markets in crypto-assets; (56) `issuer of asset-referenced tokens' means an issuer of asset-referenced tokens as defined in the relevant provision of the Regulation on markets in crypto-assets; (57) `administrator of critical benchmarks' means an administrator of `critical…

Open primary source →

Matched: asset-referenced token — …stakeholders that have an interest in the market for crypto-assets. 1 List of acronyms AIF Alternative investment fund ART Asset-referenced token CASP Crypto-asset service provider DLT Distributed ledger technology EBA European Banking Authority EMT Electronic money token ESMA European Securities and Markets Authority ESAs European Supervisory Authorities…

Open primary source →

Matched: asset-referenced token — …crypto-asset service providers templates (24.1 KB - Excel Spreadsheet) Download ANNEX II Reporting for issuers of asset-referenced token - instructions (348.47 KB - PDF) Download ANNEX I Reporting for issuers of asset-referenced token templates (34.15 KB - Excel Spreadsheet) Download Final Report on draft ITS on reporting on asset-referenced…

Open primary source →

Matched: asset-referenced token, e-money token — EBA/ITS/2024/04 19 June 2024 Final Report Draft Implementing Technical Standards on the reporting on asset-referenced tokens under Article 22(7) of Regulation (EU) No 2023/1114 (MiCAR) and on e-money tokens denominated in a currency that is not an official currency of a Member State pursuant to Article 58(3) of that Regulation…

Open primary source →

Matched: asset-referenced token, e-money token — …Regulatory Technical Standards on the methodology to estimate the number and value of transactions associated to uses of asset-referenced tokens as a means of exchange under Article 22(6) of Regulation (EU) No 2023/1114 (MiCAR) and of e-money tokens denominated in a currency that is not an official currency of a Member State under Article 58(3)…

Open primary source →

Matched: asset-referenced token, e-money token — …application of Regulation (EU) 2023/1114 of the European Parliament and of the Council with regard to reporting related to asset-referenced tokens and to e-money tokens denominated in a currency that is not an official currency of a Member State (Text with EEA relevance) THE EUROPEAN COMMISSION, Having regard to the Treaty on the Functioning of the…

Open primary source →

Matched: asset-referenced token, e-money token — …technical standards specifying the methodology to estimate the number and value of transactions associated to uses of asset-referenced tokens and of e-money tokens denominated in a currency that is not an official currency of a Member State as a means of exchange (Text with EEA relevance) THE EUROPEAN COMMISSION, Having regard to the Treaty on…

Open primary source →