6 Amendments of Christophe HANSEN related to 2020/0265(COD)
Amendment 96 #
Proposal for a regulation
Recital 29
Recital 29
(29) A competent authority should refuse authorisation where the prospective issuer of asset-referenced tokens’ business model may pose a serious threat to financial stability, monetary policy transmission and monetary sovereignty. The competent authority should consult the EBA and ESMA and, where the asset- referenced tokens is referencing Union currencies, the European Central Bank (ECB) and the national central bank of issue of such currencies before granting an authorisation or refusing an authorisation. The full supervisory competences and responsibilities should remain with the competent authorities. The EBA, ESMA, and, where applicable, the ECB and the national central banks should provide the competent authority with a non-binding opinion on the prospective issuer’s application. Where authorising a prospective issuer of asset- referenced tokens, the competent authority should also approve the crypto-asset white paper produced by that entity. The authorisation by the competent authority should be valid throughout the Union and should allow the issuer of asset-referenced tokens to offer such crypto-assets in the Single Market and to seek an admission to trading on a trading platform for crypto- assets. In the same way, the crypto-asset white paper should also be valid for the entire Union, without possibility for Member States to impose additional requirements.
Amendment 615 #
Proposal for a regulation
Article 39 – paragraph 1 – point e
Article 39 – paragraph 1 – point e
Amendment 630 #
Proposal for a regulation
Article 39 – paragraph 6 – point a – point ii
Article 39 – paragraph 6 – point a – point ii
ii) the threshold for the value of the asset-referenced token issued or, where applicable, the market capitalisation of such an asset-referenced token shall not be lower than EUR 1.2 billion;
Amendment 632 #
Proposal for a regulation
Article 39 – paragraph 6 – point a – point iii
Article 39 – paragraph 6 – point a – point iii
iii) the threshold for the number and value of transactions in those asset- referenced tokens shall not be lower than 5050 000 transactions per day or EUR 1010 million per day respectively;
Amendment 634 #
Proposal for a regulation
Article 39 – paragraph 6 – point a – point iv
Article 39 – paragraph 6 – point a – point iv
iv) the threshold for the size of the reserve assets as referred to in point (d) shall not be lower than EUR 1.2 billion;
Amendment 635 #
Proposal for a regulation
Article 39 – paragraph 6 – point a – point v
Article 39 – paragraph 6 – point a – point v