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ESMA Cautions Crypto Investors that MiCA Does Not Protect Consumers Until 2024
MiCA, or markets in crypto assets regulation, was approved by the European Union earlier this year. The aim is to provide regulatory clarity for digital assets in the EU. Today, the European Markets and Securities Authority (ESMA) has issued a statement cautioning crypto investors that beyond the intrinsic risk in crypto markets, MiCA does not start until December 2024, and thus, protections are not available for investors until that time. ESMA states: “It is important for holders of crypto-assets and current or prospective clients of crypto-asset services in the EU to be aware that in addition to the risks ... (full story)