{"id":1278,"date":"2024-10-17T11:17:54","date_gmt":"2024-10-17T11:17:54","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=1278"},"modified":"2024-10-17T11:17:54","modified_gmt":"2024-10-17T11:17:54","slug":"esma-pushes-for-stronger-crypto-regulations-under-mica-framework","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=1278","title":{"rendered":"ESMA Pushes For Stronger Crypto Regulations Under MiCA Framework"},"content":{"rendered":"<div>\n<p>The European Securities and Markets Authority (ESMA) is calling for modifications to the European Union&#8217;s Markets in Crypto-Assets Regulation (MiCA), expressing concerns over the framework&#8217;s current structure. <\/p>\n<p>ESMA on Oct. 16 <a href=\"https:\/\/www.esma.europa.eu\/press-news\/esma-news\/esma-responds-commission-rejection-certain-mica-technical-standards\">issued <\/a>an official opinion urging the European Commission to pursue amendments that would enhance regulatory oversight in the crypto space.<\/p>\n<p>&#8220;ESMA acknowledges the legal limitations raised by the Commission but emphasizes the importance of the policy objectives behind the initial proposal,&#8221; the regulator wrote, emphasizing the need for tighter standards in crypto markets.<\/p>\n<p>ESMA&#8217;s recommendations focus on refining two key regulatory technical standards (RTS) within MiCA. <\/p>\n<p>These RTS cover essential elements such as disclosures regarding the intent to offer crypto services and the process of obtaining authorization as a crypto asset service provider (CASP).<\/p>\n<p>One significant change ESMA is advocating for is a requirement for external cybersecurity audits for CASP applicants. <\/p>\n<p>According to the regulator, applicants should provide an external assessment of their management&#8217;s integrity, alongside confirmation that the organization has no record of penalties beyond areas like commercial law, insolvency &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/10\/41376991\/esma-pushes-for-stronger-crypto-regulations-under-mica-framework\" alt=\"ESMA\" pushes for stronger crypto regulations under mica framework>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The European Securities and Markets Authority (ESMA) is calling for modifications to the European Union&#8217;s Markets in Crypto-Assets Regulation (MiCA), expressing concerns over the framework&#8217;s current structure. ESMA on Oct. 16 issued an official opinion urging the European Commission to pursue amendments that would enhance regulatory oversight in the crypto space. &#8220;ESMA acknowledges the legal [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-1278","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/1278","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1278"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/1278\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1278"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1278"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1278"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}