art_24__para_1

1. Competent authorities shall withdraw the authorisation of an issuer of an asset-referenced token in any of the following situations: the issuer has ceased to engage in business for six consecutive months, or has not used its authorisation for 12 consecutive months; the issuer has obtained its authorisation by irregular means, such as by making false statements in the application for authorisation referred to in Article 18 or in any crypto-asset white paper modified in accordance with Article 25; the issuer no longer meets the conditions under which the authorisation was granted; the issuer has seriously infringed the provisions of this Title; the issuer has been subject to a redemption plan; the issuer has expressly renounced its authorisation or has decided to cease operations; the issuer’s activity poses a serious threat to market integrity, financial stability, the smooth operation of payment systems or exposes the issuer or the sector to serious risks of money laundering and terrorist financing. The issuer of the asset-referenced token shall notify its competent authority of any of the situations referred to in the first subparagraph, points (e) and (f).

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Source: EUR-Lex (Cellar) · retrieved 2026-10-10 · Text as adopted (Official Journal); later amendments are not incorporated in this text.