2025-04-29
The European Securities and Markets Authority issued final guidelines establishing supervisory practices for National Competent Authorities to prevent and detect market abuse in crypto assets under MiCA. These guidelines mandate a risk-based and proportionate approach, requiring authorities to build a common supervisory culture, enhance cross-border coordination, and specifically monitor entities like Persons Professionally Arranging or Executing Transactions. National Competent Authorities must confirm their compliance with these standards within two months of publication to ensure uniform enforcement across the European Union.