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🇪🇺 EBA publishes new guidelines for ‘token issuers’ as part of upcoming MiCA regulation

The European Banking Authority (EBA) has unveiled comprehensive guidelines addressing recovery plans for issuers of asset-referenced tokens (ARTs) and e-money tokens (#EMT ) as part of the broader Markets in Crypto-Assets (#MiCA ) regulation. Under MiCA, ARTs are digital tokens backed by assets like commodities, real estate, or a diversified basket of assets, while EMTs are #tokens pegged to fiat currencies to maintain a stable value for payments — also known as #Stablecoins .

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