Buy Биткоин BTC
Bitcoin (BTC)
Buy Эфир ETH
Ethereum (ETH)
Buy Ripple XRP
Ripple (XRP)
Buy Tron TRX
Tron (TRX)
Buy Polygon Matik
Polygon (MATIC)
Buy Solana SOL
Solana (SOL)
Buy Dogecoin DOGE
Dogecoin (DOGE)
Buy Avalanche AVAX
Avalanche (AVAX)
Buy Cardano ADA
Cardano (ADA)
Buy Polkadot DOT
Polkadot (DOT)
Buy Syscoin SYS
Syscoin (SYS)

EU implements new rules for foreign crypto companies

Regulation: EU implements new rules for foreign crypto companies

The European Securities and Markets Authority (ESMA) has recently released preliminary regulatory guidelines in accordance with the Markets in Cryptoassets Act (MiCA).

ESMA has presented two documents: the first one focuses on defining the financial category for cryptoassets, while the second one outlines the regulations governing the operations of foreign companies within the European Union (EU).

ESMA emphasizes that foreign cryptocurrency companies operating in the #EU will face limitations and will be subject to MiCA exclusively. Although there may be some exceptions for customer-initiated transactions, these will be infrequent and cannot be exploited to bypass the law.

Regarding the classification of cryptoassets, they will be categorized into three groups: utilitarian tokens, currency/payment tokens, and financial/investment tokens/securities. The classification of a cryptoasset will be determined based on its unique characteristics, design, and the associated rights.

#ESMA encourages all interested market participants to provide their feedback and comments by April 29.

As a reminder, the #MiCA legislation was enacted in June of the previous year. However, the full implementation of the rules is scheduled to commence in December 2024.

Share this news and win 10 USDT with daily contest on CryptoFingers Telegram.
Press Releases: EvoSim Universe, A Novel Mobile-Data Monetisation App, Reaches 10,000 Unique Wallet Addresses, Accelerating Adoption Across the Globe
Dubai, United Arab Emirates, 15 July – EvoSim Universe has reached a significant milestone, with 10,000 unique wallets now registered on its platform..
Press Releases: Exploring Demo Trading in Cryptocurrency: A Guide for Beginners from Exchange
In the fast-paced world of cryptocurrency trading, where fortunes can be made or lost in minutes, demo trading stands as a crucial tool for both beginners and experienced traders alike..
Press Releases: Mind Network Alpha Mainnet Launch: A Fully Homomorphic Encryption Driven Restaking Layer for AI and POS Networks
We are excited to announce the Alpha Mainnet launch of Mind Network, a Restaking Layer that leverages Fully Homomorphic Encryption (FHE) technology and is designed to enhance the security..
Press Releases: Brett Launches its $BRETT Memecoin on TON Blockchain With a Splash of Fun and Humor
Brett, a leading memecoin sensation platform, has announced the launch of its $BRETT memecoin on TON (The Open Network) blockchain, inspired by Matt Furie’s quirky character, Brett..
Make crypto bots for trading