ESMA Finalises Guidelines for EU Regulators on Crypto Market Abuse
The European Securities and Markets Authority (ESMA) has solidified its regulatory framework for crypto assets, issuing final guidelines to national authorities across the EU. These measures, effective under the Markets in Crypto-Assets Regulation (MiCA) since December 2024, target insider trading, market manipulation, and unlawful information disclosure in digital asset markets.
ESMA advocates a risk-proportionate supervisory approach, emphasizing uniform enforcement across member states. The guidelines reflect growing institutional scrutiny of crypto markets as adoption accelerates, though no specific coins or exchanges are named in the current directive.