The EU financial regulatory authority will start the MiCA consultation in July

2023-06-16 08:56:34

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ChainCatcher news, according to the European Securities and Markets Authority (ESMA) official website, the regulator stated that starting from July 2023, the consultation scheme will cover the authorization, governance, conflicts of interest, and complaint handling procedures of the EU Crypto Assets Market Law (MiCA). The measures will be approved by the European Commission, the European Parliament, and the European Council.

The first consultation package will include the technical standards for applications from EU crypto asset service providers, as well as procedures for handling complaints and disclosing potential conflicts of interest. The second is expected to begin in October and will consider information disclosure to investors, governance requirements for crypto companies, and "sustainability indicators and adverse impacts on climate."

Previous report, in early June, MiCA was officially published in the EU Official Journal, and the MiCA framework proposed a timeline of about 18 months to fully come into effect. (Source link)

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MiCA European regulation

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