Drawing on the experience of the first few months of implementation of the ‘MiCA’ regulation governing the European crypto-asset market (see EUROPE B13629A3), the financial market authorities of Italy (Consob), Austria (FMA) and France (AMF) put forward a series of proposals in a joint working paper on Monday 15 September aimed at ensuring more effective supervision of crypto-asset markets.
“Despite the coordination efforts of the European Securities and Markets Authority (ESMA), the...