EU watchdog EBA details big crypto fines as landmark laws bite
Cointelegraph 2026-06-28 16:10:00
Context: The European Banking Authority has proposed a penalty framework that targets significant token issuers who fail to comply with new landmark laws. This move comes as the EU watchdog cracks down on the cryptocurrency sector. The proposed fines can be substantial, reaching up to 12.5% of a company's annual revenue.
Key Facts
- The European Banking Authority has laid out a proposed penalty framework that can strip non-compliant significant token issuers of up to 12.5% of their annual revenue.
- The proposed penalty framework is part of the EU's efforts to regulate the cryptocurrency sector through landmark laws.
- The European Banking Authority's move is aimed at ensuring compliance among significant token issuers, with potential fines directly tied to a company's annual revenue.