coinspress.com
ESMA, the European Securities and Markets Authority, has taken a significant step towards regulating the crypto market within the EU.
With the release of its final report on Markets in Crypto Assets (MiCA) regulation, ESMA aims to establish a structured and secure environment for crypto assets across the 27 member bloc.
This report provides detailed guidelines for firms seeking authorization under MiCA, emphasizing the need for transparency and customer protection.
Additionally, ESMA has launched the third phase of public consultation on draft technical standards and guidelines.
This consultation focuses on critical aspects such as detecting market abuse in crypto assets and ensuring operational resilience for MiCA-regulated entities.
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ESMA’s proactive approach reflects its commitment to addressing the unique challenges posed by digital assets and enhancing consumer protection in the rapidly evolving crypto market.
By engaging with stakeholders and soliciting public feedback, ESMA seeks to create a regulatory framework that is comprehensive and responsive to the dynamic nature of the crypto asset market.