The European Central Bank (ECB) argues that larger cryptoactive service providers should be required to establish an intermediate parent undertaking in the European Union (EU).
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22/09/2026
by
Lusa
O ECB replied on Tuesday to the European Commission (EC) consultation on the revision of the cryptoactive regulation, MiCA.
“The MiCA provides a sound, balanced and harmonised regime for crypto-service providers and issuers”, considers the ECB, quoted by the EFE.
The ECB values the proposal to strengthen the supervision of cryptoactive service providers.
To this end, it will be necessary to transfer to the European Securities and Markets Authority (ESMA) the powers of authorisation, supervision and control of all cryptoactive service providers, as well as to strengthen the role envisaged for the Capital Laundering Authority (AMLA).
The ECB recommends the revision of asset and capital reserves requirements for non-bank issuers of stable cryptocurrency (‘tablecoins’).
The ECB also considers that the minimum reserve requirements for these issuers of stable cryptocurrency should be eliminated and replaced by a minimum percentage of mature assets within one and five working days (liquidity categories).
Stable cryptocurrency issuers are required to maintain at least 30% of the funds received in deposits in bank accounts in the European Union in accordance with the MiCA Regulation.
The ECB considers that the rules established by the European Banking Authority (EBA) include safeguards to mitigate the risk of contagion between the stable cryptocurrency sector, banks and markets of other eligible reserve assets.
It also suggested technical clarifications on the risk-sensitive legal audit and own funds requirements for all cryptoactive service providers.