News · Regulation & Policy
The EU market regulator advised the European Commission to target non-compliant stablecoins, third-country solicitation, and influencer promotions under an updated crypto framework.
Key point 1 of 3
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ESMA submitted proposals to update MiCA, urging rules for DeFi access, staking, lending, and influencer marketing.
Key point 2 of 3
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The regulator called for powers to penalize unauthorized third-country solicitation and ban services linked to non-compliant stablecoins.
Key point 3 of 3
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Proposed administrative reforms include simplified white-paper filings and binding ESMA opinions on token classification.
Context
The European Commission launched a review of MiCA to evaluate how the regulatory framework addresses emerging sectors that were largely left out of the original regime, such as…
Why it matters
Unregulated offshore platforms soliciting EU users and crypto firms interacting with non-compliant stablecoins face tighter constraints, while compliant intermediaries may see…
What to watch
The European Commission's response to public feedback and subsequent legislative proposals outlining formal amendments to the MiCA text.
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