On 10 October 2025, the European Banking Authority (EBA) issued two opinions in response to the European Commission’s amendments relating to the draft Regulatory Technical Standards specifying the composition and liquidity requirements of the reserve of assets under the Markets in Crypto-Assets Regulation (MiCA). The EBA considers that the Commission’s proposed
On 3 October 2025, there was published in the Official Journal of the EU (OJ), Commission Delegated Regulation (EU) 2025/1264 of 27 June 2025 supplementing the Regulation on markets in crypto assets (MiCA) with regard to regulatory technical standards (RTS) specifying the minimum contents of the liquidity management policy
On 5 August 2025, the European Banking Authority (EBA) issued a final report containing draft Regulatory Technical Standards (RTS) on the calculation and aggregation of crypto exposure value.
Background
The objective of the draft RTS is to further specify technical elements that ensure a sound prudential treatment of crypto-assets exposures in
On 1 August 2025, there was published in the Official Journal of the EU (OJ), Commission Delegated Regulation (EU) 2025/789 of 23 April 2025 supplementing the Capital Requirements Regulation with regard to regulatory technical standards specifying the conditions and indicators that the European Banking Authority is to use to determine whether extraordinary circumstances
On 10 July 2025, the European Securities and Markets Authority (ESMA) published the results of a peer review that looked at the authorisation of crypto asset service providers (CASPs) in Malta under the Markets in Crypto Assets Regulation.
The peer review analyses the approaches adopted by the Malta Financial Services Authority
On 27 June 2025, the European Commission adopted a Delegated Regulation supplementing the Regulation on markets in crypto assets (MiCA) with regard to regulatory technical standards (RTS) specifying the minimum contents of the liquidity management policy and procedures for certain issuers of asset-referenced tokens and e-money tokens.
The provisions in the
On 10 June 2025, the European Banking Authority (EBA) issued a No Action letter to clarify the interplay between the Markets in Crypto-Assets Regulation (MiCA) and the Payment Services Directive 2 (PSD2) in relation to crypto asset service providers (CASPs) that transact electronic money tokens (EMTs
On 5 June 2025, the European Commission adopted a Delegated Regulation supplementing the Markets in Crypto-Assets Regulation (MiCA) with regard to regulatory technical standards (RTS) specifying the information in an application for authorisation to offer asset-referenced tokens (ARTs) to the public or to seek their admission to trading.
The
In the latest edition of our podcast series, Split the Difference, Jonathan Herbst, Hannah Meakin, Anna Carrier and Simon Lovegrove cover the draft UK legislation for regulating cryptoassets and recent FCA discussion paper and compare it with the EU Regulation on markets in cryptoassets regulation.
Listen to the episode here.