ESMA, the European Securities & Markets Authority, has issued a warning to crypto investors regarding the implementation of the Markets in Crypto-Assets Regulation (MiCA). The regulatory framework, approved by the European Union earlier this year, is expected to take until December 2024 to be fully implemented. This means that crypto investors will remain at risk until the regulations are in place. Additionally, certain crypto firms will be allowed to continue operating without an EU license for 18 months, delaying full protections until July 2026. ESMA emphasized that no cryptoassets can be considered “safe,” even with the implementation of MiCA. The watchdog is urging national regulators to apply the regulations as soon as possible. The lack of regulation in the crypto market has become a concern for ESMA following the collapse of FTX and Terra Luna. Currently, Bitcoin is trading below $29,000.

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Information	Details
Geography	Europe
Countries
Sentiment	negative
Relevance Score	1
People	None
Companies	ESMA, FTX, European Union, Terra Luna, MiCA, Markets in Crypto-Assets Regulation, European Securities & Markets Authority
Currencies	Bitcoin
Securities	None