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EU’s ESMA Warns of ‘Opaque’ Crypto Firms as It Seeks to Close MiCA Loopholes

“Opaque group structures may also render it difficult for clients of service providers to know which entity they are dealing with and its regulatory status,” ESMA said in a statement today, adding that some existing crypto companies “may lack a strong compliance culture … and their large scale and geographic

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Malta takes next steps to align with EU’s MiCA regulation

Malta’s Financial Services Authority has initiated the next step to revise its cryptocurrency regulations, aiming to align them with the forthcoming European Markets in Crypto-Assets (MiCA) regulations set to go into effect in December 2024.  Malta’s announcement aims to bring about changes in its regulations governing exchanges, custodians, and portfolio managers,

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EU’s ECB Faces Opposition to Digital Euro Plans That Threaten to Slow CBDC Project

Ultimately central bank officials are usually economists, not marketing experts, and technical answers may only go so far. As Erik Luts, chief innovation officer at Belgian bank KBC, said, for CBDCs to work, people need to trust them, and that requires its proponents not just to argue over details, but

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France Amends Registration Requirements for Crypto Firms to Better Align With EU’s MiCA

Modified provisions of the AMF General Regulation for digital asset service providers cover "security and internal control systems, systems for managing conflicts of interest, clear, accurate and non-misleading information, public pricing policies, specific custody provisions (segregation of client assets vs. own assets)," and bans firms from using client assets without

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