European Central Bank addresses guidance on licensing of digital assets

by Aurelia Butler 17 August 2022, 22:40 169 Views

In a Wednesday statement, the ECB’s banking supervision division said it would be taking steps to regulate digital assets given “national frameworks governing crypto-assets diverge quite extensively” and seemingly differing approaches to harmonization following the passage of the Markets in Crypto-Assets, or MiCA, and the Basel Committee on Banking Supervision issuing guidelines for banks’ exposure to crypto. The ECB said it would apply criteria from the Capital Requirements Directive — in effect since 2013 — to assess licensing requests for crypto-related activities and services.

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Source: Cryptocurrency - investing.com

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European Central Bank addresses guidance on licensing of digital assets

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