EBA and ESMA Release Consultation Paper on Assessing Suitability for Crypto-Asset Service Providers

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The European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) published a joint consultation paper on two draft guidelines.

On October 19, the European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) published joint guidelines that include granting authorization for asset-referenced tokens (ARTs) and crypto-asset service providers (CASPs) issuance and conducting prudential assessments for potential acquisitions....

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