📢 Big news, crypto enthusiasts! The European Banking Authority (EBA) has just rolled out a comprehensive package of standards and guidelines for crypto-assets. 🎉
This package covers everything from stress testing and asset reserves to recovery plans. It's like a survival guide for asset-referenced tokens (ARTs) and e-money tokens (EMTs) across Europe.
Token issuers, listen up! EBA wants you to have enough financial resources to cover potential risks. And if you're in the high-risk category, you might need to up your game with more funds. 💰
EBA is also setting minimum percentages for asset reserves and limiting issuers’ concentration of highly liquid financial instruments. So, if you're thinking of issuing tokens linked to commodities or real estate, you might want to take note.
And the deadline? July 1, 2026. So, let's get cracking! 💪
What do you think about these new guidelines? Share your thoughts below! 👇