Article
EU Watchdog EBA Details Big Crypto Fines As Landmark Laws Bite
EU Watchdog EBA Details Big Crypto Fines As Landmark Laws Bite
Authored by Robert Lakin via CoinTelegraph.com,
The European Banking Authority on Friday unveiled a sweeping framework to penalize cryptocurrency issuers that violate the European Union’s digital-asset laws, signaling a tougher enforcement stance as the trade bloc finalizes its historic regulatory architecture.
The consultation paper published June 26 establishes a standardized playbook for hitting non-compliant issuers of what the EBA considers “significant” tokens with potentially multimillion-euro penalties. Under the proposal, the Paris-based watchdog will deploy a strict two-step process to determine fines, assessing the...
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