The European Securities and Markets Authority (ESMA) has published its second Final Report under the Markets in Crypto-Assets Regulation (MiCA), covering eight draft technical standards that aim to provide more transparency for retail investors, clarity for providers on the technical aspects of disclosure and record-keeping requirements, and data standards to facilitate supervision by national competent authorities (NCAs). Once finalised, the draft technical standards will be submitted to the European Commission for adoption. The Commission will decide whether to adopt them within three months.

The European Securities and Markets Authority (ESMA) has published the final package of regulatory technical standards (RTS) and guidelines ahead of the entry into force of the Markets in Cryptoassets Regulation (EU) 2023/1114 (MiCA) on 30 December 2024. The guidelines will apply three months after the publication of their translations into the official EU languages on ESMA’s website. The final reports with the draft RTS have been submitted to the European Commission for adoption.

The European Securities and Markets Authority (ESMA) has published its first final report under the Markets in Crypto-Assets Regulation (MiCA). It aims to foster clarity and predictability, promote fair competition between cryptoasset service providers (CASPs), and create a safer environment for investors.

The European Securities and Markets Authority (ESMA) has published the final report on the rules on conflicts of interests for cryptoasset service providers (CASPs) under the Markets in Crypto Assets Regulation (MiCA). The report sets out draft regulatory technical standards (RTS) on certain requirements in relation to conflicts of interest, with a view to clarifying elements in relation to vertical integration of CASPs and to further align with the draft European Banking Authority (EBA) rules applicable to issuers of asset-referenced tokens (ARTs).

The European Securities and Markets Authority (ESMA) has published its latest guidelines on conditions and criteria for the qualification of cryptoassets as financial instruments pursuant to Article 16(1) of the ESMA Regulation and Article 2(5) of Markets in Cryptoassets (MiCA), alongside official translations. The guidelines specify conditions and criteria for determining whether a cryptoasset should qualify as a financial instrument and therefore ensuring the common, uniform and consistent application of the provisions in Article 2(4)(a) of MiCA. Furthermore, they provide clarifications on certain features of utility tokens, non-fungible token (NFTs) and hybrid tokens.

The European Securities and Markets Authority (ESMA) has published supervisory guidelines under the Market in Crypto Assets Regulation (MiCA) to prevent and detect market abuse. The guidelines, intended for national competent authorities (NCAs),  include both general principles for effective supervision and specific measures for detecting and preventing market abuse in crypto assets. They also address unique challenges in crypto trading—such as its cross-border nature and extensive use of social media—while aiming to foster a common supervisory culture through open industry dialogue and coordinated oversight among NCAs.

The European Securities and Markets Authority (ESMA) has published a statement regarding the compliance of certain cryptoasset service providers (CASPs) with the EU’s Market in Crypto Assets regulation (MiCA) for non-compliant asset-referenced tokens (ARTs) and electronic money tokens (EMTs). The statement responds to adoption by the Commission of a Q&A clarifying which CASPs provided in the EU may constitute an offering to the public or an admission to trading (respectively under Articles 16(1) and 48(1) of MiCA) of non-MiCA compliant ARTs and EMTs. ESMA states that in order to ensure that CASPs transition smoothly to align their services promptly with the Commission’s guidance, National Competent Authorities (NCAs) should ensure compliance as soon as possible and no later than the end of Q1 2025.

The Council of the European Union (the Council) has published the final wording of Delegated Regulations relating to regulatory technical standards (RTS) under Regulation (EU) 2023/1114 (the EU Regulation on Markets in Cryptoassets (MiCA)) setting out the minimum content of the governance arrangements on the remuneration policy of issuers of significant asset-referenced or e-money tokens, and the procedure and timeframe for an issuer of asset referenced tokens or of e-money tokens to adjust the amount of its own funds.

The Council of the European Union (the Council) has published the final wording (including an Annex) of a Delegated Regulation relating to regulatory technical standards (RTS) under Regulation (EU) 2023/1114 (the EU Regulation on Markets in Cryptoassets (MiCA)) setting out the data necessary for the classification of cryptoasset white papers and the practical arrangements to ensure that such data is machine-readable.

The European Commission has adopted four further Commission Delegated Regulations setting out regulatory technical standards (RTS) under MICA.

The European Banking Authority (EBA) has issued an Opinion in response to the European Commission's partial rejection letter of 13 January 2025. The EBA accepts the Commission's amendments to its draft Regulatory Technical Standards (RTS) on authorising asset-referenced token (ART) issuers under the Markets in Cryptoassets Regulation (MiCA). While the EBA agrees with the substantive changes, it also recommends that the Commission consider future amendments to include important supervisory elements such as market abuse policies, independent third-party audits of proprietary distributed ledger technology (DLT), and a comprehensive notion of good repute for management bodies.

The European Banking Authority (EBA) has published guidelines and regulatory technical standards (RTS) on governance, conflicts of interest and remuneration under the Markets in Crypto-Assets Regulation (MiCAR). They form part of the EBA’s ongoing efforts to foster a transparent, secure, and well-regulated cryptoasset market.