[European Banking Authority Releases Penalty Framework for Non-Compliant Crypto Issuers, MiCA Full Enforcement Imminent] According to Cointelegraph, the European Banking Authority (EBA) released a consultation paper on June 26, proposing a standardized penalty framework for crypto asset issuers violating MiCA regulations. Under the proposal, non-compliant issuers of significant tokens could face fines of up to 12.5% of their annual revenue or twice the profits gained from the violation, while the fine cap for significant e-money tokens is set at 10% of annual revenue. The EBA will adopt a strict two-step process to determine the penalty amount, incorporating aggravating or mitigating factors after assessing the severity of the violation. This move marks the EU's MiCA regulation entering a substantive enforcement phase. The release of this framework comes just ahead of the critical July 1 deadline, by which crypto companies must obtain formal licenses from national regulatory authorities to legally operate within the 27 EU member states. Companies without licenses will face the risk of ceasing operations.