The European and Securities Markets Authority (ESMA) has shot a warning to the crypto industry after releasing its first set of MiCA proposals.
The new proposals for crypto-asset service providers cover conflict-of-interest rules and how crypto firms should handle customer complaints. Speaking about the proposals, chairwoman of the ESMA Verena Ross advised consumers there is cryptocurrencies are still risky.
"We are determined to ensure entities involved in crypto-asset related activities understand the EU is not a place for forum-shopping. We also want to remind consumers that, even with the implementation ofEntitled,"Technical standards specifying certain requirements of MiCA regulation," the proposal document is seeking the crypto industry's input on the bloc'sframework. The consultation lasts until September 20.
The regulator referred to recent collapses in the crypto world that show"a misuse of clients’ funds and crypto-assets." It also pointed to"media reports about hack attacks at CASPs, which have often resulted in the theft of significant amounts of client crypto-assets.” MiCA takes effect in 2024 and gives wallet providers and exchanges the ability to operate across the 27-nation bloc with one license.
© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
European markets set for cautiously higher open ahead of key inflation dataEuropean markets are set to open slightly higher on Wednesday as investors look ahead to key U.S. inflation data.
Leer más »
Morning Bid: Markets upbeat, China cheer at lastA look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.
Leer más »
European regulator releases consultative paper on MiCA standards for crypto asset service providersThe European Securities and Markets Authority is seeking input on standards for crypto asset service provider regulation as stated in a consultative paper released July 12.
Leer más »
UK Treasury Starts Consultation on Five-Year Digital Securities TrialThe UK’s hmtreasury said the new digital securities pilot could look at stocks and bonds, but not $BTC or $ETH. By jackschickler.
Leer más »
3M stock jumps after BofA backs away from bearish call3M's stock jumped Tuesday after BofA Securities recommended investors stop selling ahead of earnings.
Leer más »
Locarno, Karlovy Vary & Rotterdam Among European Festivals To Partner On New PlatformA collection of European festivals including Locarno, Thessaloniki, Tallinn Black Nights, Rotterdam, and Karlovy Vary, have partnered to create a new network aimed at integrating film professionals…
Leer más »