Article 64Withdrawal of authorisation of a crypto-asset service provider

1. Competent authorities shall withdraw the authorisation of a crypto-asset service provider if the crypto-asset service provider does any of the following:

(a)

has not used its authorisation within 12 months of the date of the authorisation;

(b)

has expressly renounced its authorisation;

(c)

has not provided crypto-asset services for nine consecutive months;

(d)

has obtained its authorisation by irregular means, such as by making false statements in its application for authorisation;

(e)

no longer meets the conditions under which the authorisation was granted and has not taken the remedial action requested by the competent authority within the specified timeframe;

(f)

fails to have in place effective systems, procedures and arrangements to detect and prevent money laundering and terrorist financing in accordance with Directive (EU) 2015/849;

(g)

The article continues in the official text.