EBA Closes Consultation on MiCA Fine Methodology for Significant Stablecoin Issuers
- —EBA consultation on the fine methodology closes on September 28
- —Fine cap is 12.5% of annual turnover for significant ART issuers
- —Cap is 10% of annual turnover for significant EMT issuers
- —Baseline is adjusted for duration, repeat breaches and intent
Why it matters: The methodology should make EBA penalties more predictable for major stablecoin issuers and set a benchmark for the first MiCA enforcement cases.
Source: Coindoo
More on this
Regulation · yesterdayEU's EBA proposes MiCA rules for DeFi lending as Aave slams Morpho's vault model
Regulation · Sep 24EBA calls for clearer MiCA boundaries amid rise of hybrid tokens and global stablecoins
Regulation · Sep 19European Commission Extends MiCA Review Consultation to September 30