Cryptocurrency

Bitcoin

The European Union's securities watchdog, the European Securities and Markets Authority (ESMA), has expressed concern about the high level of concentration in cryptocurrency trading. Binance, one of the leading crypto exchanges, alone accounts for more than half of the market. According to the institution, this concentration could have significant consequences for the sector in the event of a malfunction or disruption.
“While this may be advantageous from an efficiency perspective due to economies of scale, it raises significant concerns regarding the effects of a malfunction or malfunction of a major asset or exchange on the wider crypto ecosystem,” ESMA said in a detailed overview of the market.
Related News: <a href="https://en.bitcoinsistemi.com/hot-moments-bitcoin-experience-sharp-decline-whats-causing-the-downturn/" target="_blank" rel="noopener noreferrer nofollow">Hot Moments: Bitcoin Experience Sharp Decline! What's Causing the Downturn?</a>
In regulatory proposals published in recent weeks under the digital assets law known as Crypto-Asset Markets (MiCA), ESMA had described Miner's Minerable Value (MEV) as potentially suspect. MEV generally involves trading strategies in which blockchain operators, companies and individuals adding blocks to the chain preview the network's transaction queue in order to generate extra profits for themselves.
MiCA legislation, completed last year, makes the EU the first major jurisdiction to comprehensively regulate the emerging digital assets sector. ESMA and the European Banking Authority (EBA) are advising on the measures and guidance they should issue under MiCA.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/cryptocurrency-market-warning-from-the-european-unions-sec/" rel="noopener noreferrer nofollow">Cryptocurrency Market Warning from the European Union’s SEC</a>

Cryptocurrency Market Warning from the European Union’s SEC

Bitcoin Sistemi EN

在 2024年4月10日發表的其他文章

XRP News: AMM Update, Ripple’s Possible Stablecoin, SEC Lawsuit

Solana rival Base hits 400 TPS, claims core contributor

Analyst Identifies Cardano Precursor Pointing to Potential Breakout, Reveals Next ADA Target

Crypto Controversy: Ex-Ethereum Adviser Sues US Government for $9.6 Billion

Bearish Signals Spook PEPE Enthusiasts: Is a Significant Price Correction Imminent?

Alpen Labs Unveils $10.6M Seed Funding, Steps into Limelight as Bitcoin Scaling Developer

訂閱免費電子報，每天收取加密貨幣最新動態！