As part of the Markets in Crypto-Assets (MiCA) regulation, the European Banking Authority (EBA) has released a full set of technical standards and recommendations for asset-referenced tokens (ARTs) and e-money tokens (EMTs) across Europe.

The package has six different topics, such as recovery plans, stress testing programs, and asset reserves. ARTs are coins backed by assets like commodities, real estate, or a basket of different assets. EMTs, on the other hand, keep their value stable by being tied to fiat currencies and used for payments, just like a stablecoin.

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