The European Banking Authority has published a consultation paper on a draft methodology for setting fines for issuers of significant crypto-assets under MiCA. Comments are due by September 28, 2026.
The European Banking Authority (EBA) has published a Consultation Paper outlining a draft methodology for setting fines under the Markets in Crypto-Assets Regulation (MiCA). The aim is to ensure fines on issuers of significant crypto-assets are consistent, proportionate, transparent, and support compliance.
Under MiCA, the EBA supervises issuers of asset-referenced tokens (ART) and e-money tokens (EMT) classified as significant. The consultation details the proposed approach to calculating fines for negligent or intentional infringements by issuers or management bodies.
The methodology seeks to promote clear and consistent enforcement, enhance transparency, and improve stakeholder understanding of how fines are determined.
Comments can be submitted via the EBA consultation page by clicking the “send your comments” button. The deadline for submissions is 28 September 2026.
The EBA will hold a virtual public hearing on 16 July at 14:30 CEST. Interested stakeholders must register by 13 July at 16:00 CEST. Dial-in details will be provided after registration.
All comments received will be published after the consultation unless confidentiality is requested.
Legal basis: According to Article 134(1) of MiCA, the EBA may impose fines and periodic penalty payments if it suspects infringements by issuers of significant tokens, based on grounds identified during supervision.
