Crypto Investors Are Unprotected Under EU Rules Until 2024: ESMA
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The European Securities and Markets Authority (ESMA) has warned cryptocurrency investors in Europe that they are not yet protected under European Union cryptocurrency asset market rules, which will take time to come into effect. Under these regulations, known as the Markets in Crypto-Assets Regulation (MiCA), crypto investor protections will not be effective until at least December 2024, leaving investors exposed to potential losses. Even after December 2024, there is no guarantee that investors will be fully protected by MiCA until 2026, despite the regulations becoming applicable to crypto asset service providers in 2024.
