Dearest readers, the European Securities and Markets Authority (ESMA) has, in its infinite wisdom, issued a statement that could only be described as a clarion call to the crypto world. According to Reuters, ESMA is quite perturbed by the rather cheeky practice of crypto platforms offering a delightful mix of regulated and unregulated products, all while failing to inform their retail users of the differences. How terribly naughty! 😏
It seems that these platforms are leading their investors down a garden path, making them believe that all services are under the protective umbrella of the Markets in Crypto-Assets (MiCA) framework. What a jolly good trick, don’t you think? 🎩
ESMA, ever the spoilsport, warns that using MiCA authorization as a marketing gimmick is not only misleading but also a tad bit unethical. “Some firms may present their MiCA-regulated status in a way that blurs the line between compliant and non-compliant products,” the regulator sniffed, adding that this creates unnecessary risks for consumers. How dreadfully inconvenient! 😱
In a move that could only be described as a stern finger-wagging, ESMA has urged crypto asset service providers (CASPs) to cease and desist from using regulated licenses to promote unrelated or non-compliant services. The message is clear: regulatory boundaries must be communicated with the utmost clarity to avoid any misinterpretation. After all, we wouldn’t want anyone to be misled, now would we? 🙄
Read More
- Grimguard Tactics tier list – Ranking the main classes
- USD CNY PREDICTION
- 10 Most Anticipated Anime of 2025
- Silver Rate Forecast
- Box Office: ‘Jurassic World Rebirth’ Stomping to $127M U.S. Bow, North of $250M Million Globally
- Gold Rate Forecast
- Former SNL Star Reveals Surprising Comeback After 24 Years
- Black Myth: Wukong minimum & recommended system requirements for PC
- Mech Vs Aliens codes – Currently active promos (June 2025)
- “Golden” Moment: How ‘KPop Demon Hunters’ Created the Year’s Catchiest Soundtrack
2025-07-12 01:35