Title VII: COMPETENT AUTHORITIES, EBA AND ESMA | Chapter 1

Article 98

Cooperation with other authorities

Where an offeror, person seeking admission to trading, an issuer of an asset-referenced token or e-money token or a crypto-asset service provider engages in activities other than those covered by this Regulation, the competent authorities shall cooperate with the authorities responsible for the supervision or oversight of such other activities pursuant to Union or national law, including tax authorities and relevant supervisory authorities of third countries.

Related Recitals (Preamble)

Recitals provide interpretive context and policy rationale for the legislative provisions.

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Cross-border cooperation

Summary: Given the cross-border nature of markets in crypto-assets, competent authorities should cooperate with each other to detect and deter any infringements of this Regulation.