ESMA Publishes Second Consultation Paper on MiCA
The European Union’s markets regulator, the European Securities and Markets Authority (ESMA), issued a second consultative paper on Markets in Crypto-Assets (MiCA) mandates on October 5. In the 307-page document, the ESMA solicits feedback from interested parties on five areas of MiCA, including sustainability indicators for distributed ledgers, disclosures of inside information, technical requirements for […]
Gemini Quits the Dutch Market Due to Compliance Issues
Gemini, a leading crypto exchange based in New York, has announced that it is suspending its services in the Netherlands due to the requirements imposed by the Dutch central bank. Gemini says that it hopes to return to the Dutch market after complying with the new EU rules on crypto assets. The Dutch central bank, […]
France to Integrate MiCA Rules into its Crypto Licensing Regime
France’s current cryptocurrency regulations will be amended to match the pan-European rules set by the Markets in Crypto Assets Act (MiCA). The new regulations will become obligatory by January 1, 2024, for obtaining crypto licenses by DASPs. Due to the “enhanced” registration, the Autorité des marchés financiers (AMF), France’s primary financial authority, announced the provisions […]
EU’s MiCA Rules Could Prohibit MEV Activities on Ethereum
MiCA law enforcement causes concern as MEV-involved organizations on Ethereum and other smart contract platforms may face a business ban in the EU. The adoption of MiCA by the European Parliament on April 20, 2023, is an important turning point because it is the first legislation that governs the issuance and delivery of services related […]
JBA Calls for Crypto Taxation Review
The Japan Blockchain Association has called for a review of the crypto taxation system proposed by the government. The JBA has proposed three key improvements to encourage the development of the cryptocurrency business and increase public accessibility. The group suggests doing away with year-end unrealized gains taxation on tokens produced by third parties as the […]