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The European Securities and Markets Authority (ESMA) warns firms to register their crypto products as the Markets in Crypto-Assets Regulation (MiCA) is implemented across the EU. The warning highlights increasing regulatory measures to protect investors and maintain a stable environment for crypto assets, emphasizing the need to understand risks associated with unregulated products.

The European Securities and Markets Authority (ESMA) has urged investment firms to clearly disclose crypto-related regulatory protections and ensure clients are informed about the regulatory status of products offered. With cryptocurrencies unregulated in the EU until the Markets in Crypto-Assets regulator comes into force, transparency and communication are crucial for protecting investors.

ESMA and NCAs emphasize the need for clear labeling of cryptocurrencies as unregulated when offered to investors, amid concerns of investor protection and prudential risks. The forthcoming MiCA legislation aims to establish a regulatory framework for crypto companies and enforces stricter rules, disclosure obligations, and AML/data security procedures, effective in 2025.

ESMA reminds companies of crypto assets’ unregulated status in most jurisdictions and expresses concerns over investor protection risks. As MiCA’s adoption approaches, crypto firms like Gemini and Kraken expand European presence, emphasizing the importance of understanding crypto products’ regulatory status for financial safety.

The European Securities and Markets Authority (ESMA) expresses concerns over investment firms offering crypto alongside traditional finance products, potentially giving a false sense of security to consumers. This issue highlights the importance of transparency and regulatory awareness for both firms and investors in the crypto industry.

ESMA’s latest consultation paper on Markets in Crypto Asset regulation aims at integrating the crypto market by 2024, focusing on sustainability, consistency in crypto services, transparency in pre, and post-trade data, record-keeping by CASPs and accessible white papers. The initiative stresses environmental sustainability, encourages business continuity policies, and emphasizes real-time transparency in transactions.

The European Securities and Markets Authority (ESMA) has published its second consultation paper on cryptocurrency regulations, focusing on sustainable indicators for distributed ledgers, disclosure of insider information, technicalities within white papers, transparency measures and record-keeping for Crypto asset service providers. ESMA’s move aims to encourage a more sustainable, transparent, and accountable crypto-market.

“The European Union’s upcoming Markets in Crypto Assets (MiCA) regulation has raised concerns about the potential delisting of all stablecoins in Europe by June 30. MiCA aims to streamline processes and enhance oversight. However, its provisions concerning stablecoins are causing apprehension, especially as they seem to contradict the aspirations of many issuers for decentralization.”

Amidst cryptocurrency lender Celsius’ bankruptcy proceedings, a settlement plan has found an agreement to distribute $25 million from the sale of self-custody platform GK8 to Galaxy Digital among the lender, creditors, and Series B holders. Despite dissent among stakeholders, the majority plans to distribute $1 million among preferred shareholders.

“The European Banking Authority is urging an early adaptation of guidelines for managing stablecoins, ahead of mandatory regulations due next year. This includes understanding and implementing the EU-approved MiCAR framework’s measures for good governance and consumer protection. These preemptive actions are designed to reduce potential risks and facilitate effective consumer protection in the rapidly evolving stablecoin market.”

The European Securities and Markets Authority (ESMA) will launch a three-part consultation process for the Markets in Crypto Assets (MiCA) framework, aiming to establish a consistent regulatory environment for cryptocurrencies in the EU. This will cover authorization, governance, conflicts of interest, and complaint handling procedures, ultimately benefiting crypto enthusiasts and businesses alike.

Hong Kong-based crypto trading platform CoinEx agreed to pay $1.7 million to the NYAG and terminate operations in New York for not registering as a securities and commodities broker-dealer. The case highlights the broader issue of balancing regulation and innovation in the cryptocurrency industry.

The SEC Stabilization Act proposes a significant change to the SEC’s governance structure, potentially promoting clearer oversight for financial markets, including the cryptocurrency sector. Amidst this, cryptocurrencies WSM, MATIC, ECOTERRA, APTOS, YPRED, APT, and LPX are considered strong investments. Projects like yPredict, Ecoterra, and Launchpad XYZ are gaining attention for their innovative solutions in the evolving crypto landscape.

Republican congressmen Warren Davidson and Tom Emmer have filed the SEC Stabilization Act, aiming to restructure the SEC and remove Chairman Gary Gensler, citing concerns over his governance of the crypto market. The legislation seeks to provide clearer and more consistent oversight for American investors and the crypto industry, amid concerns of a detrimental impact on the market and potential migration of the industry overseas.