The European Banking Authority has proposed new penalty rules for significant token issuers that fail to comply with MiCA regulations.
The European Banking Authority proposed strict new rules to fine non-compliant significant token issuers up to 12.5% of revenue under MiCA regulations.
The measures target stablecoin issuers that fall short of the requirements set out in the Markets in Crypto-Assets framework.
The proposal aims to enforce compliance across the European Union through a structured fines matrix.
