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Why MiCA Won't Protect Your Crypto Investments Until December 2024
The European Securities and Markets Authority (ESMA), the EU's financial watchdog, today (Tuesday) issued statements urging member states and market participants to prepare for the transition to the Markets in Crypto-Assets Regulation (MiCA). The regulation aims to standardize crypto-asset activities across the EU, enhancing consumer safeguards and market stability. ESMA Chairwoman Verena Ross has addressed a letter to the Economic and Financial Affairs Council (ECOFIN), urging Member States to promptly designate competent authorities for MiCA implementation. Ross also suggests limiting the optional ... (full story)