European regulator: Digital assets largely unregulated despite upcoming MiCA
ESMA wants investment firms to be honest with their clients on the relative lack of regulations for products like gold and digital assets across jurisdictions.
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Malta to remove NFTs from digital asset regulation in anticipation of MiCA
Under the current Virtual Financial Asset regime, which was set up in 2018, NFTs are subject to specific requirements upon launching and must also issue a product whitepaper before the issuance.
We will not be lenient with digital assets under MiCA, Dutch financial watchdog says
While some, like Hong Kong, have modified their regulatory outlook to attract VASPs and investors, Dutch AFM says it will keep being hard on the industry.
US, EU regulators discuss MiCA, stablecoins and Bitcoin regulation in joint forum
Regulators in the European Union and the United States met at the Joint Financial Regulatory Forum to exchange their views on topics of mutual interest as part of their regular financial regulatory dialogue.
EU finance commissioner calls for swift passage of MiCA digital asset law
Mairead McGuinness says that the Ukraine-Russia conflict, Terra’s $58b collapse, and Celsius withdrawal halt all point to the need for the quick passage of MiCA.
France’s top banking regulator pushes for stricter digital assets rules ahead of MiCA: report
Currently, digital asset firms in France can operate without a full license because the law allows them to carry out business with a temporary license pending the acquisition of the main one.
EU banking authority seeks digital currency expert ahead of MiCA law implementation
The EBA is on the hunt for an individual with sufficient expertise in digital assets and one that could supervise financial institutions in an effort to ensure the smooth enforcement of the MiCA law.
South Korea: ICO ban likely to be lifted as Bank of Korea eyes EU’s MiCA
The central bank stated its intention in a paper it published reviewing the EU's Markets in Crypto Assets Act (MiCA), saying that South Korea's ICO ban has not been effective so far.
EU financial regulator publishes first post-MiCA proposals for digital asset service providers
MiCA will come into force in 2024, but the June 11 consultation is further evidence of a ramping up of efforts in the bloc to implement its far-reaching digital asset goals.
Proposed ban on digital currency firms operating in tax havens divides EU lawmakers
Officials of the EU are kicking against the proposal to ban digital currency services. According to reports, some officials state that there are serious doubts about maintaining a blacklist.
Denmark: Saxo Bank ordered to dispose digital currency holdings
EU's MiCA would allow financial institutions to hedge their assets, but the Danish Financial Supervisory Authority argues that the law has yet to take effect; thus, doing so would breach its local financial rules.
ESMA: Digital asset investor protections won’t kick in until end of 2024
MiCA was crafted to boost regulatory oversight on unlicensed asset-related activities, but the ESMA said holders won't be protected under the latest regime until December 2024 and potentially longer.