Bitcoin

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<div class="coinjournal">
 <ul>
  <li>ESMA says MiCA will take time to be fully implemented.</li>
  <li>Crypto investors, therefore, remain at risk in the meantime.</li>
  <li>Bitcoin is trading well under the $29,000 level on Tuesday.</li>
 </ul>
 <p>All eyes are on Bitcoin after ESMA – the European Securities &amp; Markets Authority cautioned crypto investors on Tuesday.</p>
 <h2 id="mica-will-take-time-to-be-implemented">MiCA will take time to be implemented</h2>
 <p>Earlier this year, the European Union approved an extensive set of regulations for crypto assets that it’s calling Markets in Crypto-Assets Regulation.</p>
 <p>On Tuesday, however, ESMA warned crypto investors that it will likely take until December of 2024 for MiCA to be fully implemented.</p>
 <p>It is also worth mentioning here that a bunch of <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> firms will be able to remain in business without an <a rel="noopener noreferrer nofollow" title="EU" href="https://thebittimes.com/tag/eu.html">EU</a> license in states that grant them a transitional period of 18 months – which means full protections in these <a rel="noopener noreferrer nofollow" title="EU" href="https://thebittimes.com/tag/eu.html">EU</a> states will not be available until July 2026.</p>
 <p>At writing, Bitcoin is trading well under the $29,000 level.</p>
 <h2 id="esma-says-no-cryptoassets-is-safe">ESMA says no cryptoassets is ‘safe’</h2>
 <p>ESMA did, however, confirm on Tuesday that it’s working closely with national regulators and is motivating them to apply Markets in Crypto-Assets Regulations rules as soon as possible.</p>
 <p>Even with full protection, though, it recommended <a rel="noopener noreferrer nofollow" title="investors" href="https://thebittimes.com/tag/investors.html">investors</a> to be cautious when investing in <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currencies. The <a rel="noopener noreferrer nofollow" title="EU" href="https://thebittimes.com/tag/eu.html">EU</a> watchdog’s statement reads:</p>
 <blockquote>
  <p>Even with implementation of MiCA, retail investors must be aware that there will be no such thing as a safe cryptoassets.</p>
 </blockquote>
 <p>Currently, <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> assets are unregulated under the rules laid out by the European Securities and Markets Authority. Regulating the <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> market has become a priority for ESMA ever since the collapse of FTX and Terra Luna.</p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/esma-warned-crypto-investors-on-tuesday-find-out-more-tbt66775.html">https://thebittimes.com/esma-warned-crypto-investors-on-tuesday-find-out-more-tbt66775.html</a></p>

ESMA warned crypto investors on Tuesday: find out more

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