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)

ChainCatcher message, according to a research report titled "Regulatory Challenges of Digital Finance and Crypto Assets After MiCA" commissioned by European Parliament legislators, states that all crypto assets should be considered securities by default, meaning that crypto assets will be subject to the EU's strict governance and authorization rules applicable to traditional stocks and bonds, unless and until national regulatory authorities indicate otherwise.This study analyzes the necessity for the EU to adopt further financial regulation on decentralized finance following the implementation of crypto asset market regulation, with a particular focus on crypto lending, crypto collateral, crypto custody, NFTs, and more. The report was drafted by an academic group from universities in Luxembourg, Sydney, and Hong Kong at the request of the European Parliament. (Source link)

ChainCatcher news, Belgium's Digital Minister Mathieu Michel stated in an interview that after regulating cryptocurrencies, European politicians are considering building a privacy-respecting, customized blockchain called Europeum.Michel mentioned that the new "Europeum" blockchain could serve as a tool for recording property ownership, driving licenses, or professional qualifications, while adhering to the EU's high regulatory standards. Following a series of scams and scandals in the market, Michel advocates shifting from purely financial applications of distributed technology to public services and supply chain management.It is reported that the EU will vote on the Markets in Crypto-Assets Regulation (MiCA) in April. (CoinDesk)