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Text as of 30 Dec 2024 · Consolidated version of 9 January 2024 · Same wording as today’s text.Today’s text

Recital 62

Financial servicesLevel 1RegulationMiCAIn forceVerifiedOfficial source

Where asset-referenced tokens pose a serious threat to the smooth operation of payment systems, monetary policy transmission or monetary sovereignty, central banks should be able to request the competent authority to withdraw the authorisation of the issuer of those asset-referenced tokens. Where asset-referenced tokens pose a threat to the smooth operation of payment systems, monetary policy transmission or monetary sovereignty, central banks should be able to request the competent authority to limit the amount of those asset-referenced tokens to be issued, or to impose a minimum denomination amount.