The European Banking Authority (EBA) has completed the draft of the technical standards for the prudential matters as per the MiCA regulation to make sure that all the firms in the EU adhere to the high financial standards.
This advancement is a positive step in the process of governing the fast-growing crypto industry, and comes after the implementation of MiCA last year.
Finalized MiCA Crypto Framework
The final draft of the technical standards outlines the measures that are considered prudent for crypto asset issuers and service providers. Some of these standards include, change in own funds requirements, changes in liquidity provisions and very strict recovery plans for the issuers of the crypto assets.
Notably, the criteria specify that the issuers of ARTs and EMTs must conduct stress tests in specific financial stress conditions. This measure helps the entities to manage their operations during the periods of market fluctuations.
In addition, the EBA outlines the process for com
We współpracy z: https://coingape.com/eu-banking-authority-finalizes-mica-crypto-framework/
