MiCA and ToFR: The EU moves to regulate the crypto-asset market

) will have intervention powers to prohibit or restrict the provision of Virtual Asset Service Providers, as well as the marketing, distribution or sale of crypto assets, in case of a threat to investor protection, market integrity or financial stability.

Registration of entities based in third countries, operating in the EU without authorization, will be established by ESMA based on information submitted by competent authorities, third country supervisors or identified by ESMA. Competent authorities will have far-reaching powers against listed entities.EU VASPs will have to be established and have substantive management in the EU, including a resident director and registered office in the member state where they apply for authorization.

VASPs will have to give clear warnings to investors about the risk of volatility and losses, in whole or in part, associated with crypto-actives, as well as comply with insider trading disclosure rules. Insider trading and market manipulation are strictly prohibited.

P2ptaxi

It means another step closer to CBDC you are as children, lol

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FGI to the moon

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'All transactions must be tied to an identity regardless of amount.' Anyone who thinks regulation will be good for crypto should read this article. What a mess.

I hope my LEO tokens are going to be just fine.

I believe regulation is a good thing. Without it it’s difficult for investment funds, pension funds, companies etc to invest, and let’s face it, it’s there the big 💰💰💰 is.

Todays been great 10B which is inevitable for this project, we’re all multi millionaires. LFG GabrielGHgoesH Doshi_Token DOSHI DOSHIARMY DOSHIGO DOSHITOKEN $DOSHI Clarke_x3 rovercrc RealCryptorich

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