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ESMA’s resource constraints hinder the EU’s crypto regulation efforts

ESMA

The European Union (EU) faces a significant hurdle in establishing a robust regulatory framework for cryptocurrencies as the European Securities and Markets Authority (ESMA) grapples with resource constraints. This obstacle potentially puts the EU at risk of lagging behind other global markets in adopting cryptocurrencies and blockchain technology. ESMA’s resource challenges ESMA, the Union’s premier […]

ESMA claims DeFi does not currently present a substantial threat to financial stability

ESMA

The European Securities and Markets Authority (ESMA) has issued a report on the status of decentralized finance (DeFi) within the European Union. Titled “Decentralized Finance in the EU: Developments and Risks,” the report provides insights into the current state of the DeFi ecosystem and its potential implications for financial stability. ESMA’s key finding is that […]

EU regulator issues dire warning on crypto

EU

The European Securities and Markets Authority (ESMA) has issued a warning to the cryptocurrency industry following the release of its initial proposals for the Markets in Crypto-Assets (MiCA) regulation. The proposed regulations primarily focus on conflict-of-interest rules and the handling of customer complaints by crypto-asset service providers (CASPs). Verena Ross, the chairperson of ESMA, emphasized […]

ESMA publishes first consultation on constructive input on MiCA

ESMA publishes first consultation seeking input on MiCA regulation

The European Securities and Markets Authority (ESMA), the European Union’s financial markets regulator, has released its first consultation package looking into MiCA(Markets in Crypto-Assets) regulation. The regulator also invited stakeholder comments that will take place until 20 September 2023.  The proposal is highlighted in the EU securities agency’s 160-page consultation with different subjects, including how […]

EU’s ESMA issues key advisory on crypto regulation as firms eye expansion

EU's ESMA issues key advisory on crypto regulation as firms eye expansion

The European Securities and Markets Authority (ESMA), the EU’s financial watchdog, has issued a statement emphasizing the necessity of investment firms making their clients fully aware of the regulatory status of their products. Amid the budding blockchain industry, the ESMA is eager to remind stakeholders that despite the imminent adoption of the Markets in Crypto-Assets […]

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