EU regulatory register · MiCA
Article 24Withdrawal of the authorisation
CELEX 32023R1114 · Read on 2026-08-18
Short answer
1. Competent authorities shall withdraw the authorisation of an issuer of an asset-referenced token in any of the following situations:
Verbatim from the article. Source: NovaCopilot · https://legal.exploreworldai.com/eu/rattsakter/mica-2023-1114/artikel-24 · Short answer as data · Official text
MiCA, crypto-assets in short
Crypto-asset service providers need authorisation, and issuers need a white paper. Stablecoins have special rules.
Source: NovaCopilot
Official text
Read from the EU Publications Office for this CELEX number. The wording stands as published; nothing here is rewritten or summarised.
1. Competent authorities shall withdraw the authorisation of an issuer of an asset-referenced token in any of the following situations:
(a)
the issuer has ceased to engage in business for six consecutive months, or has not used its authorisation for 12 consecutive months;
(b)
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;
(c)
the issuer no longer meets the conditions under which the authorisation was granted;
(d)
the issuer has seriously infringed the provisions of this Title;
(e)
the issuer has been subject to a redemption plan;
(f)
the issuer has expressly renounced its authorisation or has decided to cease operations;
(g)
The article continues in the official text.
Follow-up questions
The text is quoted from the official source and is not legal advice. A national court reads the language version that binds in its jurisdiction.
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