EBA issues new guidelines for suitability assessments of
management bodies and owners of crypto-asset service providers
(CASPs) and issuers of asset-referenced tokens (ARTs).
Regulation (EU) No 2023/1114 on Markets in Crypto Assets
(MiCA) entered into force in the EU on 30 June
2024 (with respect to provisions covering asset-referenced tokens
and e-money tokens - the remaining parts to come into force on 30
December 2024). MiCA regulates providers of crypto-asset services
(CASPs) and issuers of cryptocurrencies, covering
a wide range of new definitions, digital currencies, tokens, and
financial operators in the market, which necessitates regulatory
guidance.
Members of the management body (typically the board of
directors) of issuers of asset-referenced tokens
(ARTs) and CASPs must be of sufficiently good
repute and possess individually and collectively appropriate
knowledge, skills and experience. Members of the management body of
these companies must also be
