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EU cryptoassets sector receives guidelines on redemption plans

( October 10, 2024, 12:42 GMT | Official Statement) -- MLex Summary: Issuers of asset-referenced and e-money tokens have seen the European Banking Authority publish its final guidelines on redemption plans to be developed in case of crisis. These guidelines are under the EU regulation on cryptoassets markets and are addressed to designated responsible authorities. They provide for details on a range of topics that include liquidation strategies of the reserve of assets, the content of the redemption claims and the main steps of the redemption process.Press release follows. Document attached. ...

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