MiCA will conduct background checks on cryptocurrency company executives, and those with financial crime records may be disqualified from operating.

Odaily News The Markets in Crypto-Assets Regulation (MiCA) will conduct background checks on cryptocurrency company executives. The European Banking Authority (EBA) and the European Securities Markets Authority (ESMA) have stated that shareholders and board members of crypto asset service providers “must not be indicted for offenses related to money laundering or terrorism financing or for any other offense that would affect their good reputation.” conviction, this condition must be maintained at all times. If relevant company executives have such circumstances, MiCA has the right to disqualify the company from operating in the EU. (CoinDesk)