MiCA implementation in Slovenia; Banka Slovenije supervises ART/EMT issuers under EU Regulation 2023/1114
Slovenia regulates crypto-assets primarily through the direct application of the EU Markets in Crypto-Assets (MiCA) Regulation. The national competent authority for supervising issuers of Asset-Referenced Tokens (ARTs) and E-Money Tokens (EMTs) is Banka Slovenije.
Recent regulatory activity focuses on transposing European Banking Authority (EBA) guidelines into national practice, specifically regarding recovery plans and governance arrangements for supervised institutions and token issuers.
The regulatory framework mandates robust internal controls, risk management, and recovery planning for entities issuing ARTs and EMTs, aligning national supervision with broader EU financial stability standards.
Supervised institutions and token issuers are mandated to establish robust internal governance frameworks, including risk management and internal control mechanisms, as per EBA guidelines.
[2]Issuers of ARTs and EMTs must apply EBA guidelines on recovery plans to ensure financial stability and consumer protection.
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