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ARTICLE · 27 JUNE 2024

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ESMA Issues Draft Technical Standards On Conflicts Of Interest For Crypto-Asset Service Providers Under MiCA

Michael Kyprianou & Co. LLC
Michael Kyprianou & Co. LLC
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On 31st May 2024, the European Securities and Markets Authority (ESMA) published its draft technical standards addressing conflicts of interest for Crypto-Asset Service Providers (CASPs)...

CyprusTechnology
Stephanos Ayiomamitis
Stephanos Ayiomamitis
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On 31st May 2024, the European Securities and Markets Authority (ESMA) published its draft technical standards addressing conflicts of interest for Crypto-Asset Service Providers (CASPs) under the Markets in Crypto-Assets (MiCA) Regulation. This initiative marks a significant step in establishing a comprehensive regulatory framework for crypto-assets, aiming to harmonize rules across EU member states, foster innovation, and mitigate risks.

Background: The MiCA Framework

Adopted by the European Union, MiCA provides legal clarity for the crypto-asset sector, covering issuance, trading, and custody. Its goals include enhancing market integrity, protecting investors, and creating a unified regulatory environment.

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