Highgate Crypto’s Post

📊 MiCA requires that the minimum amount of the issuer's own funds in the asset reference tokens (ART) has to, at all times, be equal to an amount of at least the highest of the following: 1️⃣ EUR 350 000; 2️⃣ 2 % of the average amount of the reserve of assets, i.e. the average amount of the reserve assets at the end of each calendar day, calculated over the preceding six months. If the issuer offers more than one ART, this amount is the sum of the average amount of the reserve assets backing each ART; or 3️⃣ a quarter of the fixed overheads of the preceding year. This minimum amount of the issuer's own funds may be increased upon the request of the competent authority of the ART's issuer home EU member state, e.g. based on the result of the stress testing the ART's issuer. The aim of the own fund requirements is to address the risks to the financial stability of the wider financial system. 💡 Stay informed about MiCA, its implications and follow us. #MiCA #MiCARegulations #FinancialStability #DigitalAssets