The European Banking Authority (EBA) has issued an opinion advising national competent authorities under PSD2 on what steps to take when the transition period linked to its No-Action Letter of June 2, 2025 ends on March 2, 2026.

The transition period, established under the EBA No-Action Letter of June 2, 2025, allows crypto asset service providers nine months to continue transacting electronic money tokens that qualify as payment services while submitting, and awaiting a response to, their application for authorisation under PSD2.

The new opinion sets out the conditions under which crypto asset service providers may continue offering electronic money tokens that qualify as a payment service after March 2, 2026, even if they do not…