ESMA

🔴 The EU warns: cryptocurrencies may threaten financial stability

ESMA Executive Director Natasha Kazenave stated that cryptocurrencies currently account for less than 1% of the global market, but are growing so quickly that they could become a real threat to stability.

📌 What is important:

— Crypto is increasingly intertwined with traditional finance

— In friendly countries like the USA, this influence is particularly noticeable

— Possible risks: decoupling of stablecoins, fraud, hacks (the Bybit case of $1.4 billion was mentioned)

— The EU has already implemented MiCA, but Kazenave says this may not be enough

— ESMA proposes testing the knowledge of crypto consultants and strengthening investor protection

📉 Impact: negative — increases regulatory pressure, especially in Europe. The crypto market may face new restrictions, particularly in the areas of stablecoins and consultations.

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#CryptoRegulation #ESMA #MiCA #Stablecoins #CryptoRisk

The European Securities and Markets Authority (ESMA) confirms custody and transfers of stablecoins are not restricted under MiCA.
Crypto asset service providers of Europe must restrict offering stablecoin acquisition services.
Markets in Crypto Assets (MiCA) came into effect on December 30, 2024 to regularize the crypto industry in Europe. The increasing adoption and recognition of digital assets has made it mandatory to bring clear regulatory policies. However, its guidance over stablecoin issuance is unclear so far

#USJobsSlump #BBWDocuSeries #TrumpCongressSpeech #MiCA #ESMA

🚀 EU Markets Regulator Warns of Crypto Stability Risks 🚀
ESMA highlights potential financial stability issues as crypto markets grow. Will stricter regulations follow?

#CryptoStability #ESMA #Regulation
$BTC

EU MiCA regulation:
ESMA requires cryptocurrency companies to comply with the EU's new stablecoin rules by March 31. It is unclear whether Tether has applied for a MiCA license. Nevertheless, Tether said it would not leave the EU market in the short term and invested in compliant companies.

Hong Kong Crypto License:
The Hong Kong Securities and Futures Commission issued two new crypto trading platform licenses, bringing the total number of crypto trading platform licenses to seven since mid-2024. Russian Digital Ruble: The Russian government and central bank announced a successful trial of the digital ruble in budget settlement, which is scheduled to be officially launched in July this year.

Market Trends:
Fed rate cut expectations:
Analysts at Royal Bank of Canada Capital Markets said that even if the Fed pauses its rate cuts, it will almost certainly maintain its rate cut tendency. Bitcoin and bond correlation: The governor of the Czech Central Bank said that Bitcoin as an asset is being considered for inclusion in foreign exchange reserves. It currently has zero correlation with bonds and is an interesting asset for large portfolios.

Tether market share:
According to industry insiders, Asia accounts for 80% of USDT trading volume, and the United States also dominates global cryptocurrency trading, while Europe's USDT market share does not seem to be large.

In general, the latest cryptocurrency market news reflects that the regulatory environment is gradually improving, and the market is also showing a relatively positive trend. Investors need to pay close attention to changes in regulatory policies and market trends and invest cautiously. If you like it, please follow and like it❤️$BTC #ESMA

Is the custody and transfers service for USDT from Tether not restricted under MiCA?

The European Securities and Markets Authority (ESMA) confirms that the custody and transfer of stablecoins are not restricted under MiCA.
Cryptocurrency service providers in Europe must restrict the provision of services related to the acquisition of stablecoins.
The Markets in Crypto-Assets (MiCA) regulation comes into effect on December 30, 2024, to regulate the cryptocurrency industry in Europe. The increasing adoption and recognition of digital assets has made it necessary to establish clear regulatory policies. However, its guidelines regarding the issuance of stablecoins are still unclear.

The issue surfaced when the Binance platform removed several stablecoins, including Tether's USDT, for users in the European Economic Area. Binance recently issued this announcement to comply with MiCA policies. The leading exchange will stop offering stablecoins that are non-compliant with MiCA starting March 31 for users in the European Economic Area. However, it will support the custody, deposit, and withdrawal of these stablecoins after their removal from the list.

The Emirates Authority for Standardization and Metrology (ESMA) confirms that custody and services are not explicitly prohibited under MiCA
#USDT
#Tether
#mica
#ESMA
$TRUMP
#trump

🇪🇺 The European regulator has declared that cryptocurrency poses a threat to financial stability

➣ The European Securities and Markets Authority (ESMA) stated that the growth of the #crypto industry and its increasing ties to traditional financial markets could lead to serious risks for the financial system's stability.
➣ According to the head of #ESMA , “there is no such thing as a safe crypto-asset,” and stricter regulations may be necessary.
➣ Although crypto currently accounts for only 1% of global financial assets, its impact could grow significantly.
➣ Sharp drops in #cryptocurrency prices could have indirect consequences for traditional markets.
➣ The growth of the crypto industry is rapid and unpredictable, especially in the U.S.
➣ Key threats include stablecoins, hacks, fraud, and high-profile scandals. $BTC $XRP

OKX responds to allegations of laundering stolen funds from Bybit
OKX is under investigation by EU regulators regarding its potential role in laundering $100 million resulting from the Bybit hack.

The European Securities and Markets Authority (ESMA) discussed the matter at its meeting on March 6, focusing on the extent to which OKX is subject to the new MiCA regulations governing the cryptocurrency market.

Some regulators believe that OKX's connection to the platform's headquarters and its entity in Singapore may make it subject to regulations, despite exemptions for decentralized platforms.

Concerns were also raised about violations of sanctions imposed on North Korea due to the alleged hackers' connection to the attack.

OKX has rejected these allegations, asserting that its platform operates like other cryptocurrency services and does not facilitate illicit transactions.

It clarified that it immediately froze suspicious funds and provided tools to track addresses linked to the hackers.

Bybit was accused of spreading misleading information, noting that the investigation falls within a broader discussion on the regulation of decentralized finance and not a direct targeting of OKX.
#okx #ESMA

#MarketPullback #ESMA $BTC en

🇪🇺 NEW: #ESMA clarified that the MiCA regulation does not ban $USDT in the EU but only restricts services facilitating its purchase.

The regulator confirmed that storing and transferring USDT remains legal under EU law.

🇪🇺 Europeans Must Boost Crypto Knowledge as ESMA Raises Hiring Standards! 📚🚀

The European Securities and Markets Authority (ESMA) is tightening hiring standards, demanding strong crypto expertise from new financial regulators. This move signals Europe's commitment to stricter oversight and deeper understanding of the rapidly evolving crypto space.

🔥 Why It Matters:

🔹 Higher standards for regulators mean better crypto policies
🔹 More informed oversight could boost market confidence
🔹 Crypto knowledge = job security in Europe's financial sector

With MiCA regulations rolling out, the push for crypto-literate professionals is stronger than ever. Whether you're a trader, investor, or policymaker—crypto education is now a must-have! 📈

⚡ What’s Next?

🔹 More crypto training programs in financial institutions
🔹 Increased hiring of blockchain experts in regulatory bodies
🔹 Stricter compliance requirements across European crypto firms

Is Europe leading the way in crypto regulation? Share your thoughts! 👇

🔹 #CryptoRegulation #ESMA #EuropeCrypto #blockchaineducation #MiCA