According to CoinDesk, the European Securities Markets Authority (ESMA) has released a series of final reports on the regulation of the EU cryptoasset market (MiCA). The report sets out the authorization information that regulators will require from companies, as well as their intentions in providing crypto services and acquiring crypto assets. Additionally, the report addresses how service providers should handle complaints. ESMA has submitted the report to the European Commission and said it would “provide further advice and technical guidance in this area if required.” ESMA’s third consultation plan solicits public opinions on the detection and reporting of crypto asset market abuse, crypto asset transfer service policies and procedures, etc. The deadline is June 25. MiCA stablecoin rules will come into effect in July, and the entire scheme will be implemented in all member countries in December. MiCA regulates crypto issuers and service providers who want to operate in the EU and allows companies to obtain a license to provide services in all member states.
