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Nordsentry
Real-Time Alert · 28 Jun 2026 22:36 Helsinki
Notable

EBA Publishes Crypto Penalty Framework Under MiCA

3h ago

The European Banking Authority released a consultation paper on June 26 establishing a standardized two-step methodology for calculating fines against non-compliant issuers of significant crypto tokens under MiCA. Maximum penalties can reach 12.5% of annual turnover for significant asset-referenced tokens or twice the profits from a violation. The framework takes effect as a July 1 licensing deadline ends the transitional period, with Binance already restricting EU services after failing to secure MiCA authorization.


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