Markets in Crypto-Assets Regulation
The EBA and ESMA noted in January 2019 that the regulation of crypto assets is not consistent across the EEA, as well as that the current EU regulatory regime does not apply to most crypto assets, and the latter are therefore not subject to, among other things, consumer and investor protection and market integrity rules, even though these areas pose risks. MiCAR aims to address these shortcomings and create a single regulatory framework for crypto assets that is directly applicable to all EEA Member States.