EBA Warns of Risks from Crypto Firms Exploiting MiCA Loopholes

The European Banking Authority cautions that regulatory gaps in the EU’s MiCA framework could threaten financial system integrity.

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Terms & Concepts
  • MiCA: The Markets in Crypto-Assets regulation, an EU legal framework designed to oversee and regulate cryptocurrency and digital asset markets.
  • European Banking Authority (EBA): An EU regulatory agency that works to ensure effective and consistent prudential regulation and supervision across the European banking sector.
  • Regulatory Loophole: A gap or ambiguity in a law or regulation that can be exploited to avoid compliance or oversight.