ESMA Releases Authorization Proposals for Crypto Firms under MiCA Law
The post ESMA Releases Authorization Proposals for Crypto Firms under MiCA Law appeared first on Coinpedia Fintech News
The European Securities and Markets Authority (ESMA) has published detailed proposals for how crypto companies should be authorized under the Markets in Crypto Assets (MiCA) law. This is the first use of ESMA’s new powers under the MiCA law, which comes into effect in 2024. The proposals cover authorization and conflict of interest rules for crypto companies working within the European Union. ESMA is also seeking confidential information from crypto companies on expected revenue, the number of white papers, and the use of on- and off-chain trading. A further tranche of consultations will follow in October, covering sustainability and record-keeping.
