The EU’s Markets in Crypto Assets (MiCA) Regulation is set to bring MiFID-style rules to the industry, but the regime won’t come into effect until around 18 months from now. Meanwhile, ESMA, the Paris-based agency that brings together and coordinates national regulatory authorities, is concerned that some companies are encouraging and exploiting this ambiguity.
EU securities watchdog ESMA has warned investment firms to make clear that cryptocurrencies are not regulated ahead of new MiCA rules
