Must banks maintain a segregated account to safeguard proceeds from EMT issuance?
EMT issuance: bank segregated account
Section titled “EMT issuance: bank segregated account”| Authority | EBA |
| Q&A ID | EBA_QA_2025_7591 |
| Status | Rejected |
| Published | 11 November 2025 |
| Legal basis | Articles 54, 58 MiCA |
| Source | EBA Q&A |
Question
Section titled “Question”Do banks (credit institutions) need to maintain a segregated account to safeguard the proceeds from e-money token issuance under MiCA?
Answer
Section titled “Answer”Rejected. The issue is already addressed in the existing regulatory framework — segregated account requirements for banks fall under CRR/CRD, not MiCAR. Addressing it through the Q&A process would put into doubt the existing legal framework.
Source: EBA Single Rulebook Q&A