European Banking Authority proposes framework for MiCA enforcement fines
Under the plan, the EBA will supervise major token issuers and determine fines for negligent or intentional regulatory breaches.
The European Banking Authority (EBA) has launched a consultation on a draft methodology for calculating fines under the Markets in Crypto-Assets Regulation (MiCA), aiming to ensure penalties are applied consistently, proportionately and transparently.
Under MiCA, the EBA supervises issuers of significant asset-referenced tokens (ARTs) and e-money tokens (EMTs). The proposed methodology explains how fines would be calculated when issuers or members of their management bodies are found to have intentionally or negligently breached regulatory requirements.
According to the EBA, the methodology is intended to improve transparency and consistency in enforcement while helping market participants better understand how supervisory penalties are determined in practice.
The public consultation will remain open until 28 September 2026, with a virtual public hearing scheduled for 16 July. The EBA said all feedback will be published after the consultation as part of its continued implementation of the MiCA framework.
Why does it matter?
The consultation strengthens the enforcement framework underpinning MiCA by claryfing how financial penalties will be calculated for significant crypto-asset issuers. Greater transparency and consistency can improve legal certainty for firms while reinforcing confidence that supervisory actions will be applied fairly across the EU.
The proposal also reflects the continued integration of crypto-assets into mainstream financial regulation. As MiCA moves from rulemaking to supervision and enforcement, detailed methodologies such as this one demonstrate how EU authorities are building a more mature and predictable regulatory environment for digital assets.
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