Regulatory Alerts2025-02-26
Guidelines on procedures and policies, including client rights, in the context of crypto-asset transfer services under the Markets in Crypto-Assets Regulation (MiCA) regarding investor protection (ESMA35-1872330276-2032)
The European Securities and Markets Authority (ESMA) has issued guidelines to ensure consistent application of Article 82 of the Markets in Crypto-Assets Regulation (MiCA) regarding investor protection. These guidelines require crypto-asset service providers to establish robust policies and procedures for pre-contractual information disclosure, individual transfer details, execution timelines, and client rights. The document mandates specific transparency measures, including fee breakdowns, irrevocability warnings, and clear protocols for handling rejected or suspended transfers to enhance market integrity and consumer safeguards.
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