EBA · 2025_7591 Rejected question

Investment of funds received in exchange of e-money tokens

Regulation
Regulation (EU) No 2023/1114 (MiCAR)
Article
Article 54
Topic
Other MiCAR topics
Submitted by
Consultancy firm
Submitted
2025-09-29
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Question

Do banks (credit institution) need to maintain segregated account to safeguard the proceeds from e-money token issuance?

Background

Recital 71 suggests that Article 54 applies to non-banks. Also recital 14 and Article 7 of 2009/110/EC seems to suggest that banks are regulated elsewhere (CRR/CRD).
No answer published yet.

Original source: European Banking Authority, Q&A ID 2025_7591

This Q&A is published by European Banking Authority and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.

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