art_63__para_10

10. Competent authorities shall refuse authorisation as a crypto-asset service provider where there are objective and demonstrable grounds that: the management body of the applicant crypto-asset service provider poses a threat to its effective, sound and prudent management and business continuity, and to the adequate consideration of the interest of its clients and the integrity of the market, or exposes the applicant crypto-asset service provider to a serious risk of money laundering or terrorist financing; the members of the management body of the applicant crypto-asset service provider do not meet the criteria set out in Article 68(1); the shareholders or members, whether direct or indirect, that have qualifying holdings in the applicant crypto-asset service provider do not meet the criteria of sufficiently good repute set out in Article 68(2); the applicant crypto-asset service provider fails to meet or is likely to fail to meet any of the requirements of this Title.

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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.