MiCA non-EUR EMT payment cap regulation
Overview
Under MiCA, asset-referenced tokens and e-money tokens not denominated in a euro currency face restrictions when employed as a payment method inside the European Union. An issuer must halt further issuance of such a token if, within a single currency zone, its daily transaction count surpasses 1 million or its aggregate daily value exceeds EUR 200 million, calculated as a quarterly average. Upon crossing either threshold, the issuer has 40 working days to deliver a remediation plan to its national competent authority, detailing steps to reduce estimated quarterly averages beneath the limits. The European Central Bank pushed for this provision during MiCA's drafting, seeking to curb non-euro — especially US dollar — stablecoin use in EU payments.
Within The Counterparty graph, MiCA non-EUR EMT payment cap connects to 1 tracked entity, most strongly to MiCA E-Money Token regime.
Relations
Top connections in The Counterparty knowledge graph (confidence-weighted, 1 of 1 total).
| Relation | Connected entity | Confidence |
|---|---|---|
governs | MiCA E-Money Token regime | 93% |
Frequently asked questions
What is MiCA non-EUR EMT payment cap?
MiCA non-EUR EMT payment cap is a regulation tracked in The Counterparty knowledge graph. It is connected to 1 other tracked entity, most strongly to MiCA E-Money Token regime.
What type of entity is MiCA non-EUR EMT payment cap?
MiCA non-EUR EMT payment cap is classified as a regulation (regulation) in The Counterparty knowledge graph.
What is MiCA non-EUR EMT payment cap connected to?
In The Counterparty knowledge graph, MiCA non-EUR EMT payment cap is linked to 1 other tracked entity, most strongly to MiCA E-Money Token regime.
Sources
Facts in this record were checked against the following. Where a claim is not covered here, the record states only what the graph holds.