Europe: Roadmap Announced for Crypto Regulations

The Securities and Markets Authority in Europe has outlined its plans for the implementation of the much-discussed Markets in Crypto-Assets (MiCA), which aims to regulate virtual assets. It also cautioned about the financial risks associated with crypto assets.

The paper noted, “Alongside the surge of capitalizations and issuance of new types of tokens, there has been a corresponding increase in trading volumes, bolstered by the emergence of specialized crypto-asset trading platforms with sizes and volumes that now rival some of the smaller established markets.”

Europe concerned about the intrinsic value of crypto assets

The ESMA remarked that many crypto assets have no real-world or tangible value, contrary to traditional securities like stocks or bonds, which grant investors rights to future cash flows or claims on company assets in the event o