Regulatory Alerts2026-05-12
Guidance Note for Issuers of Asset-Referenced Tokens and Electronic Money Tokens
The Central Bank of Ireland issues this guidance to outline the authorisation and supervision requirements for firms seeking to issue Asset-Referenced Tokens or Electronic Money Tokens under the EU Markets in Crypto-Assets Regulation. The document details the three-stage assessment process for non-credit institution ART issuers, including pre-application engagement and formal application timelines, while specifying notification procedures for EMT issuers who are existing credit institutions or electronic money institutions. It establishes supervisory expectations focused on consumer protection, financial resilience, and operational substance to ensure a stable and trustworthy financial sector.
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