EMT parallel issuance: EU and non-EU

Q&A on EMT parallel issuance: EU and non-EU.

Authority	EBA
Q&A ID	EBA_QA_2024_7068
Status	Under Review
Submitted	29 April 2024
Legal basis	Articles 48, 49, 54, 56 MiCA
Source	EBA Q&A

Question

Five interrelated questions about whether technically identical and fully fungible EMTs can be issued in parallel by both an EU-authorised entity and a non-EU entity: (1) Is this legally possible under MiCAR? (2) Compliance with Article 48(1) MiCAR when non-EU-issued tokens enter EU markets. (3) Application of Recital 54 to such arrangements. (4) Safeguarding requirements calculation methodology. (5) Whether limiting redemptions to EU residents complies with MiCAR.

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Answer

Content to be populated — see source link.

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Source: EBA Single Rulebook Q&A