Statistiche › Crypto › Crypto thresholds
A crypto firm in Europe needs 50,000 euro of capital to run an exchange's custody tier and a token must meet three of seven tests before it counts as significant
| Requirement | Figura | Provision |
|---|---|---|
| Service provider, class 1 | 50,000 euro | Annex IV |
| Service provider, class 2 | 125,000 euro | Annex IV |
| Service provider, class 3 | 150,000 euro | Annex IV |
| The actual test | the higher of that amount or one quarter of the preceding year's fixed overheads | Art 67(1) |
| Asset referenced token issuer own funds | the highest of 350,000 euro, 2 per cent of the average reserve of assets, or one quarter of fixed overheads | Art 35(1) |
| How that average is computed | six months of end of day balances | Art 35(1) |
| Supervisory uplift available | up to 20 per cent | Art 35(3) |
| Significant token issuer own funds | 3 per cent of the average reserve | Art 45(5) |
| Non union currency token daily limit | more than 1,000,000 transactions and more than 200,000,000 euro, as a quarterly daily average | Art 23(1), extended by Art 58(3) |
| Consequence of breaching it | stop issuing and file a plan within 40 working days | Art 23(1) |
Read on the supervisor's own rulebook pages, because the Official Journal text could not be served past Article 37. Note the exact wording of Article 67(1), which says prudential safeguards rather than own funds.
The capital requirement is the higher of a fixed amount or a quarter of last year's fixed overheads. Significance requires three criteria met at once, and two of the seven are qualitative, so the numeric ones cannot be read alone.
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