EU Securities Watchdog ESMA Warned Investment Firms to Clearly State Crypto Is Unregulated Ahead of New MiCA Rules

The EU’s Markets in Crypto Assets regulation (MiCA) is set to bring MiFID-style rules to the sector, but the regime will only take effect in around 18 months. In the meantime, ESMA, a Paris-based agency that groups and coordinates national regulators, is worried some companies are encouraging and exploiting the ambiguity.