Today the EU regulators responsible for implementing the Market in Crypto Asset (MiCA) regulations published documents. The European Securities Markets Authority (ESMA) released a consultation document relating to crypto markets. And the European Banking Authority (EBA) encouraged institutions to get ready for stablecoin activities now, with the relevant legislation applicable from 30 June 2024.
The key benefits of MiCA for crypto asset service providers (CASP) is they can register in one jurisdiction giving them right to perform services throughout the European Union.
ESMA’s is seeking comments on its crypto proposals by 20 September. This is the first of three consultations, with another coming in October.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
