The European Securities and Markets Authority (ESMA) has put forward recommendations for amendments to the Markets in Crypto-Assets (MiCA) framework, aimed at strengthening regulatory oversight of the cryptocurrency sector across the European Union.
In its proposal, ESMA emphasizes the need for clearer guidelines on stablecoins and the broader implications for market stability and consumer protection. The authority argues that updated regulations are essential to address the evolving landscape of digital assets, particularly in light of recent market volatility.
Key recommendations include more stringent requirements for stablecoin issuers and enhanced reporting obligations to improve transparency. ESMA also advocates for stronger measures to combat market manipulation and safeguard investor interests.
The proposed amendments come as EU lawmakers prepare to finalize the MiCA legislation, which seeks to create a unified regulatory framework for cryptocurrencies within the bloc. As discussions advance, industry stakeholders are closely monitoring the potential impacts of these recommendations on the future of crypto regulation in Europe.
ESMA’s proactive stance highlights the growing recognition of the need for effective oversight in the rapidly changing crypto market, signaling a commitment to ensuring a balanced approach that promotes innovation while protecting investors.
