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ESMA Calls for Opinions on Crypto Regulation Game Changer
The European Securities and Markets Authority (ESMA) published two consultation papers today (Monday) seeking input from stakeholders on guidelines regarding reverse solicitation and the classification of crypto-assets as financial instruments under the Markets in Crypto Assets Regulation (MiCA). The first consultation paper covers proposed guidance on the conditions and supervision of the reverse solicitation exemption under MiCA. Reverse solicitation refers to situations where a client independently seeks out and initiates services from a third-country crypto-asset service provider that is not authorized under ... (full story)