Golden Finance reported that the European Banking Authority (EBA) on Thursday published the final draft of the technical standards for prudential matters that companies must comply with under the Markets in Crypto-Assets (MiCA) legislation. The EBA's standards set the standards for stress testing programs and detail the liquidity requirements of reserve assets and the recovery plans that issuers need to develop. The recently released plan states: "Asset-referenced token issuers need to conduct stress tests based on reasonable financial stress scenarios, and the competent authorities will be able to increase the own capital requirements of asset-referenced token issuers based on the risk outlook and stress test results." The draft technical standards were developed in close cooperation with the 27-country group, the European Securities and Markets Authority (ESMA) and other institutions such as the European Central Bank (ECB). MiCA is a wide-ranging custom rule for the cryptocurrency industry that was passed last year. The bill sets rules for cryptocurrency companies and stablecoin issuers.