MiCA broadly allows the practice, but, compared to other EU financial service laws, includes stronger powers for supervisors to stop solicitation being abused – including an ad ban for unauthorized products. However, the detailed ground rules need to be set by the European Securities and Markets Authority (ESMA), which has to issue guidelines, and its officials already see this topic as a source of concern.
Related posts
-
U.S. Lawmaker at Center of Crypto Negotiation Predicts Digital Assets Law by Next Year
McHenry, who has been wrangling the crypto legislation in the House, argued that the outcome is... -
Sweeping ‘Bitcoin Rights’ Bill Becomes Law in Oklahoma
Oklahoma’s crypto bill gets ahead of any hypothetical future ban by making the right to self-custody... -
No regulatory wild west: how the ICO applies the law to emerging tech
Hello and thanks for having me here at New Scientist’s emerging tech summit. It’s a great...