What is an issuer? Meaning, examples and issuer risk

An issuer is the company, the state or the bank that issues a security or a crypto asset and stands behind it. With a share that is the public company, with a German federal bond the federal government, with a Bitcoin ETN the firm that brings the paper to market, and with a euro stablecoin a licensed bank or e-money institution. The documented position: European prospectus law calls an issuer any legal entity that issues securities, and the crypto regulation MiCA any person or firm that issues crypto assets.