Versions

 

SIO-14.6.2

The level of financial penalty applied is determined by the nature of the contravention and the amount of additional supervisory attention and resources taken up by a stablecoin issuer or persons referred to in Paragraph (b) of Article (68 bis 1) of the CBB Law behaviour and by limits set in the CBB Law. The CBB will apply the methodology set out in Appendix E to determine the size of the penalty. The CBB intends that the impact of a penalty should derive more from its signalling effect than from the actual amount of money involved.

Added: July 2025