EU watchdog EBA details big crypto fines as landmark laws bite - TradingView
EU watchdog EBA details fines for crypto firms under MiCA, effective 2025. Non-compliance penalties up to €5M or 5% annual turnover.
Aforeworn detected this change in the Crypto & DeFi Tax Reporting space on July 6, 2026 and published this briefing so affected operators are forewarned rather than caught off guard. It is rated High urgency. Crypto exchanges, brokers, DeFi protocols operating in EU should confirm how it applies to their specific situation before acting. There is a time constraint attached: MiCA applies from 30 Dec 2024; EBA guidelines effective immediately. Acting after that point can mean penalties, a lapsed licence, or lost eligibility — exactly the kind of surprise Aforeworn exists to prevent. Aforeworn monitors Crypto & DeFi Tax Reporting continuously and turns every detected change into a plain-English briefing like this one, so you always know first. Forewarned is forearmed.
What changed
EBA published final guidelines on fines for MiCA violations, including AML/CFT and consumer protection breaches
Who it affects
Crypto exchanges, brokers, DeFi protocols operating in EU
What you must do
Review and update compliance programs to align with MiCA requirements
Deadline
MiCA applies from 30 Dec 2024; EBA guidelines effective immediately
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