2024

April

/send

<p>The European Securities and Markets Authority (ESMA) opens a crucial consultation on the regulation of crypto-assets under MiCA. It is seeking the opinions of cryptography experts before April 29, 2024.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <div class="entry-content-asset">
   <div class="social-embed-container">
    <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
     <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f534.png" alt="🔴" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/ESMA?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#ESMA</a> publishes 2⃣ Consultations Papers on guidelines under Markets in Crypto Assets Regulation <a href="https://twitter.com/hashtag/MiCA?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#MiCA</a>:<br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4e3.png" alt="📣" class="wp-smiley" style="height: 1em; max-height: 1em;"> on reverse solicitation<br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4e3.png" alt="📣" class="wp-smiley" style="height: 1em; max-height: 1em;"> on the classification of crypto-assets as financial instruments<br><br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f5d3.png" alt="🗓" class="wp-smiley" style="height: 1em; max-height: 1em;"> Send your comments by 29 April 2024<a href="https://t.co/PEosx4t3UO" rel="noopener noreferrer nofollow">https://t.co/PEosx4t3UO</a> <a href="https://t.co/v31nWMUEcu" rel="noopener noreferrer nofollow">pic.twitter.com/v31nWMUEcu</a></p>— ESMA – EU Securities Markets Regulator <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1ea-1f1fa.png" alt="🇪🇺" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@ESMAComms) <a href="https://twitter.com/ESMAComms/status/1751911523042083247?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 29, 2024</a>
    </blockquote>
    <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
   </div>
  </div>
 </div>
 <figcaption class="wp-element-caption">
  Crypto experts take note: ESMA wants your input on the MiCA legislation
 </figcaption>
</figure>
<h2 id="h-part-1-consultation-on-reverse-solicitation">Part 1: Consultation on Reverse Solicitation</h2>
<p>ESMA’s first consultation focuses on <strong>the reverse solicitation exemption in the MiCA crypto law MiCA</strong>. Articulated in Article 61, it sets strict restrictions on third-country firms seeking to solicit clients in the EU.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1">
 </div>
</div>
<p>According to ESMA’s latest data, this provision has sparked growing concerns about its potential use to <strong>circumvent MiCA authorization requirements</strong>. For example, last year, more than 30% of third-country crypto firms expressed concerns regarding the feasibility and clarity of this exemption.</p>
<p>Thus, ESMA aims to collect stakeholder expertise on:</p>
<ul>
 <li><strong>the conditions for applying this exemption,</strong></li>
 <li><strong>the necessary monitoring practices to prevent any circumvention.</strong></li>
</ul>
<h2 id="h-part-2-classification-of-crypto-assets">Part 2: Classification of Crypto-Assets</h2>
<p>The second part of <a href="https://www.esma.europa.eu/press-news/esma-news/esma-consults-reverse-solicitation-and-classification-crypto-assets-financial" target="_blank" rel="noopener noreferrer nofollow">the consultation</a> focuses on <strong>classifying crypto-assets as financial instruments</strong>. This is a key issue to ensure consistency in crypto regulation throughout the EU.</p>
<p>The proposed guidelines by ESMA seek to align MiCA regulation with the MiFID II directive.</p>
<p>In practice, the goal of this consultation is to reduce misunderstandings and misinterpretations of political intentions. This initiative also aims to <strong>establish a balance between providing clear guidance</strong>, while avoiding imposing a one-size-fits-all approach.</p>
<h2 id="h-what-are-the-future-prospects">What are the future prospects?</h2>
<p>ESMA’s MiCA consultation represents a significant step towards clearer and more consistent crypto regulation in Europe. Stakeholders, particularly crypto service providers and financial entities, are called to <strong>contribute before April 29, 2024</strong>.</p>
<p>Once finalized, these guidelines will play a key role in establishing global standards for crypto regulation.</p>
<p>In any case, the open consultation offers a crucial opportunity to influence European crypto regulation and shape <a href="https://www.cointribune.com/en/is-europe-the-new-eldorado-for-cryptocurrencies/" target="_blank" rel="noopener noreferrer nofollow">the future of the cryptographic asset markets</a>.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="2">
 </div>
</div>

Crypto: ESMA opens debate on the MiCA law

İçindekiler

Cointribune EN

30 Oca 2024 tarihli diğer yazılar

German authorities seize record 50,000 Bitcoins in major cybercrime crackdown

SBINFT launches its NFT marketing platform SBINFT Mits

Bitcoin Aligns with AI and Real Assets Surge: What This Means for Investors?

German authorities seize 50K BTC connected to piracy websites

Invesco Galaxy reduced spot Bitcoin ETF commission amid competition pressure

Circle to Launch USDC Natively On Celo + More Crypto News

Güncel kripto para haberleri için ücretsiz bültenimize abone olun!