
EBA No Action letter on MiCA & PSD2 overlap
The EBA has issued a No Action letter clarifying that firms providing services involving Electronic Money Tokens (EMTs) under MiCA will not require dual authorisation under PSD2 until 1 March 2026. This guidance reduces immediate regulatory burden for crypto-asset service providers but urges firms to prepare for future compliance under PSD3 and the upcoming Payment Services Regulation.