The European Union’s financial markets regulator said on Monday: Crypto Asset Markets It has published a series of final reports on the rules under the (MiCA) regulation. This is interpreted as a development that marks an important step in the financial world of the union.
European Securities and Markets AuthorityThe report prepared by (ESMA) after last year’s consultation process includes important recommendations regarding the information to be requested from companies that want to operate within the scope of MiCA. It also focuses on issues such as requirements to provide crypto services and establish intentions to use crypto assets. The report also includes details on how service providers should handle complaints.
ESMA submitted its report to the European Commission and stated that they could provide further advice and technical guidance in this area.
ESMA’s third consultation package aims to seek public views on important issues such as the detection and reporting of suspected market abuse in crypto assets and guidelines on policies and procedures for crypto asset transfer services. This package is considered an important step in the regulation of crypto assets.
European Banking Authority (EBA), together with ESMA MiCA It holds consultations on the measures within the scope. Earlier this month, two regulators published a set of draft rules for stablecoin issuers. MiCA rules for stablecoins are planned to come into force in July and be implemented by all member countries in December.
