The EBA assesses potential benefits and challenges of tokenised deposits

News Financial services Reports

Date: 12th Dec, 2024 Source: European Banking Authority (EBA) Country: European Union Original Source

Brief

"On December 12, 2024, the European Banking Authority (EBA) published a report to assess the potential benefits and challenges of tokenised deposits. The EBA aims to promote convergence in classifying tokenised deposits compared to electronic money tokens issued by credit institutions under the Markets in Crypto-Assets Regulation (MiCAR), highlighting programmability and automation as potential benefits, while also noting consumer protection, operational risk, and anti-money laundering concerns."

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European Banking Authority (EBA)

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The EBA assesses potential benefits and challenges of tokenised deposits

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The EBA assesses potential benefits and challenges of tokenised deposits

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European Banking Authority (EBA)

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