Regulatory Alerts2026-01-01
Opinion on the end of the No-action Letter transition period
The European Banking Authority issued this Opinion to guide National Competent Authorities on supervisory priorities as the nine-month transition period for Crypto-Asset Service Providers ends on 2 March 2026. The document outlines three scenarios for entities handling electronic money tokens, advising that those with pending authorisation applications may continue services under strict conditions while those without applications must cease activities and offboard clients. These measures aim to ensure uniform enforcement of PSD2 requirements while minimizing disruption for compliant entities transitioning to full payment service provider status.
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