Tagged: esma

More Consultations on Crypto in the EU: ESMA Seeks Feedback on Crypto as Financial Instruments, Reverse Solicitation

The European Securities and Markets Authority (ESMA) posted two consultations on crypto this week—one consultation on reverse solicitation and another on the classification of crypto-assets as financial instruments. The European Union (EU) has approved bespoke rules for crypto under MiCA or Markets in Crypto Assets regulation…. Read More

Markets in Crypto Assets (MiCA): ESMA Posts Technical Standards Consultation

MiCA, or Markets in Crypto Assets, is the European Union’s rules to create an ecosystem where digital assets can innovate and evolve while providing a level of user protection. Recently, ESMA [European Securities and Markets Authority] announced a second public consultation on the implementation of… Read More

Germany’s 21X Is Launching ESMA Regulated Trading Service for Tokenized Securities

21X in coordination with Polygon Labs is pleased to announce 21X is building an ESMA regulated market infrastructure for tokenized securities “on the Polygon proof-of-stake (PoS) blockchain.” 21X and Polygon Labs are collaborating in order “to advance asset tokenization and trading within the Polygon ecosystem.” Polygon… Read More

ESMA Cautions Crypto Investors that MiCA Does Not Protect Consumers Until 2024

MiCA, or markets in crypto assets regulation, was approved by the European Union earlier this year. The aim is to provide regulatory clarity for digital assets in the EU. Today, the European Markets and Securities Authority (ESMA) has issued a statement cautioning crypto investors that… Read More

There are Now Over 60 ECSPR Approved Investment Crowdfunding Platforms in the EU

The roster of approved platforms under ECSPR, or European Crowdfunding Service Provider Regulations, has grown quite a bit since CI last reviewed the list of active platforms. In June of 2023, CI reported there were 30 approved platforms. Today, that number stands at 66, according… Read More

European Securities and Markets Authority Posts Timeline for Markets in Crypto-Assets Regulation (MiCA)

The European Securities and Markets Authority (ESMA) has published a time frame for the implementation of Markets in Crypto-Assets Regulation (MiCA). EMSA is the EU securities regulator. The EU recently approved the legislation as it seeks to enable digital asset innovation while incorporating investor protection… Read More

There are Now 30 ECSPR Approved Investment Crowdfunding Platforms in the EU

We last looked at the ECSPR [European Crowdfunding Service Providers Regulation] approved crowdfunding platforms in March 2023. At that time, 21 approved securities crowdfunding platforms were allowed to provide services across all European Union member states. ECSPR allows a platform to list securities from private… Read More

MiCA or Markets in Crypto-Assets, Will Make the EU a Digital Asset Friendly Jurisdiction as Legislation Approved by European Parliament

The European Parliament has adopted MiCA or Markets in Crypto-Assets regulation. This legislative development means the European digital asset (crypto-asset) will now have a bespoke regulatory framework, allowing all EU member states to provide services under a harmonized environment. After several delays, MiCA was approved… Read More

European Securities and Markets Authority (ESMA) DLT Pilot Regime Live as 50+ Security Tokens Given DTI Identifiers

The European Securities and Markets Authority (ESMA)’s Digital Ledger Technology (DLT) Pilot regime is applicable from March 23, 2023, according to an update shared with CI. The Pilot reportedly “allows some exemptions from the EU’s MiFIR and CSDR regimes, making it easier for market participants… Read More

The List of Approved European Crowdfunding Platforms Grows

In 2020, rules were approved by the European Union to facilitate cross-border online capital formation for issuers raising up to €5 million. For platforms, they must seek approval from the relevant authority in their home member state. While the process has been a bit slow,… Read More

AI: European Securities and Markets Authority (ESMA) Releases Trends, Risks, Vulnerabilities (TRV) Report of 2023

The role of AI in EU securities markets is becoming more significant. A widespread use of artificial intelligence (AI) comes with “risks,” according to an update from European Securities and Markets Authority (ESMA). In particular, increased uptake may “lead to the concentration of systems and… Read More

European Supervisory Authorities (ESAs) Identify Good Practices for Financial Education Initiatives on Scams, Cybersecurity

The three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) published a joint thematic Report on national financial education initiatives on digitalization, with “a focus on cybersecurity, scams, and fraud.” The Report identifies good practices “that national competent authorities and other public entities can… Read More

First List of European Crowdfunding Platforms Under ECSPR Posted

In November of 2021, the European Union adopted new rules that allow securities crowdfunding platforms to raise capital across all member states. The move has been welcomed by the industry as it will remove national barriers enabling firms to raise up to €5 million across… Read More

ESMA Starts Consultation on Distributed Ledger Technology

The European Securities and Markets Authority (ESMA) has commenced a consultation on distributed ledger technology (DLT) or blockchain. The goal is to establish “consistent, efficient and effective supervisory practices within the European System of Financial Supervision (ESFS) and to ensure the common, uniform and consistent… Read More

EU: Markets in Crypto Assets (MiCA) Proposal – Feedback from Industry Insiders

Last week, it was revealed that the decision-makers for the European Union had come to terms on crypto-asset regulation under the Markets in Crypto Assets (MiCA) legislation. The European Commission announced the MiCA proposal on 24 September 2020 as part of a larger digital finance… Read More

European Union Agrees on Markets in Crypto Assets (MiCA) Regulation: “Will shape the digital asset ecosystem for years to come”

The European Union has agreed on crypto-asset regulation under the Markets in Crypto Assets (MiCA) legislation. According to tweets distributed by Member of European Parliament (MEP) Stefan Berger, Europe will be the first continent with crypto asset regulation as the European Parliament, European Commission and… Read More

Neither Germany nor France is Prepared for pan-European Crowdfunding Regulation

The Bundesverband Crowdfunding e.V. (the German Crowdfunding Association) and Financement Participatif France (the French Crowdfunding Association) have issued a statement reaffirming their desire that the transition period for European Crowdfunding Service Provider Regulation (ECSPR) be extended.  The announcement follows a statement by the European Securities… Read More

ESMA Tells European Crowdfunding Platforms to Speed Things Up in Transitioning to New Pan-European Regime

The European Securities and Markets Authority (ESMA) has posted a statement encouraging crowdfunding providers to speed things up in migrating to the new pan-European rules. At the end of 2021, the European Union approved a new regulatory regime that enables issuers to raise capital online… Read More

New ESMA Guidelines on European Crowdfunding Could Have Cooling Effect on Sector

Earlier this week, the European Securities and Markets Authority (ESMA) published an updated Q&A on the pan-European crowdfunding rules. Updated rules, called European Crowdfunding Service Providers Regulation (ECSPR), became actionable last November but questions remain and European member states are still sorting things out. To help… Read More

European Securities and Markets Authority Issues Updated Q&A About EU Crowdfunding Rules

The European Securities and Markets Authority (ESMA) has issued another Q&A about the pan-European securities crowdfunding rules. Updated rules addressing cross-border securities offerings or the European Crowdfunding Service Providers Regulation (ECSPR) went into effect across the entire European Union (EU) last November. But interested platforms must be approved… Read More

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