Controls on Major Crypto Shareholders Set Out by EU Banking Regulators EBA and ESMA in MiCA Consultations

New European Union laws known as the Markets in Crypto Assets regulation, MiCA, due to take effect in December 2024, require prospective crypto license holders to show owners and executives have a good reputation. MiCA authorizations – which will allow crypto companies to operate across the 27-nation bloc – can be withdrawn if executives don’t meet the grade, added the consultation, which is open for comment until January.