Can technically identical EMTs be issued in parallel by EU and non-EU entities?
EMT parallel issuance: EU and non-EU
Section titled “EMT parallel issuance: EU and non-EU”| Authority | EBA |
| Q&A ID | EBA_QA_2024_7068 |
| Status | Under Review |
| Submitted | 29 April 2024 |
| Legal basis | Articles 48, 49, 54, 56 MiCA |
| Source | EBA Q&A |
Question
Section titled “Question”Five interrelated questions about whether technically identical and fully fungible EMTs can be issued in parallel by both an EU-authorised entity and a non-EU entity: (1) Is this legally possible under MiCAR? (2) Compliance with Article 48(1) MiCAR when non-EU-issued tokens enter EU markets. (3) Application of Recital 54 to such arrangements. (4) Safeguarding requirements calculation methodology. (5) Whether limiting redemptions to EU residents complies with MiCAR.
Answer
Section titled “Answer”Content to be populated — see source link.
Source: EBA Single Rulebook Q&A