EBA Sets Out MiCA Review Priorities on Supervision, Payments Rules and Token Lending
European Union
Sep 23, 20262 sources
Key Takeaways
- 01The EBA has responded to the European Commission’s consultation on a review of the EU’s Markets in Crypto-Assets Regulation (MiCA).
- 02The response focuses on consistent MiCA supervision across EU Member States.
- 03It examines the regulatory boundary between MiCA and PSD2 for crypto-asset activities with payment-service features.
- 04The EBA also addresses crypto-asset borrowing and lending involving electronic money tokens, which are tokens linked to an official currency.
- 05The response may influence future Commission proposals or supervisory guidance, but it does not itself change MiCA or PSD2.
The European Banking Authority (EBA) has responded to the European Commission’s targeted consultation on the review of the Markets in Crypto-Assets Regulation (MiCA). The response addresses how MiCA is being supervised across the EU, how it interacts with the second Payment Services Directive (PSD2), and crypto-asset borrowing and lending involving electronic money tokens (EMTs).