Coinspeaker
European Regulator ESMA Finalizes First Rules for Crypto Asset Service Providers

On Monday, March 25, 2024, the European Securities and Markets Authority (ESMA) announced that it has completed the first set of reports on rules for crypto asset service providers (CASPs) under the region’s landmark regulation: Market in Crypto Regulations (MiCA).

According to the announcement, the report hopes to enhance transparency, provide a safe environment for crypto traders, and foster clarity and predictability for investors across the European Union.

ESMA Unveils Requirements for CASPs

The report includes proposed requirements the EU’s financial markets regulator and supervisory will require from crypto companies looking to operate in the EU region under the MiCA’s law.

Under the proposed law, the regulator outlined information the CASPs must submit to gain approval to operate in the region. Other requirements include the intent to provide crypto-asset services and how CASPs should address customer complaints.

The EU’s financial markets regulator and supervisor said it had submitted the final report to ...