European Regulator ESMA Finalizes First Rules for Crypto Asset Service Providers
ESMA proposed that crypto assets should be classified as financial instruments if they meet the criteria outlined in MiFID II’s definition of financial instruments.
ESMA proposed that crypto assets should be classified as financial instruments if they meet the criteria outlined in MiFID II’s definition of financial instruments.
EBA raised its concerns over potential financial stress arising in NBFIs amid their indirect exposure to crypto firms and crypto markets.
The regulations could also include required provisions on Bitcoin, stablecoins, and other crypto assets.