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EU market regulator warns crypto remains unregulated until full MiCA implementation
The European Union’s financial markets regulator has warned investment companies that they must ensure their clients are aware that digital assets like cryptocurrency will remain unregulated in most jurisdictions for the time being. The European Securities and Markets Authority (ESMA) issued a statement on Thursday directing financial firms operating in the EU to proactively inform their customers of the regulatory status of the products they offer, with crypto a particular area of concern. “Specifically on crypto assets, while the Markets in Crypto-Assets Regulation (MiCA) is close to adoption, crypto assets ... (full story)