ESMA warns many prediction market event contracts already face EU retail ban
The European regulator said companies cannot circumvent EU financial rules by marketing binary-style products as event contracts rather than derivatives.
Cointelegraph·

Lawyers and industry executives expect EU regulators to enforce MiCA differently as unauthorized crypto companies are required to wind down operations.
Read full articleThe European regulator said companies cannot circumvent EU financial rules by marketing binary-style products as event contracts rather than derivatives.
The SEC’s Q2 market statistics showed stronger IPO activity, a backdrop that could matter for crypto companies eyeing public markets.
The EU is trying to assert its strategic independence in an unstable world – a world of bullies, as some members of the EU Parliament describe it. That means independence in matters of defence and energy supplies, but also in the whole field of tech. The European Commission says non-EU companies provide more than 80 percent of the EU’s digital products and services. One of the key proposals aimed at changing that is the “Tech Sovereignty Package”, which was presented in early June. With our guests, we dive into the initiative, explain the geopolitical context and ask what it would take for the bloc to achieve real technological sovereignty.
The expansion of MiCA-licensed firms enhances regulatory clarity, fostering trust and potentially boosting institutional investment in the EU crypto market. The post ESMA adds 37 new MiCA-licensed crypto firms, including Standard Chartered and FalconX appeared first on Crypto Briefing.
The SEC's initiative could rejuvenate public markets, enhance transparency, and expand investment options, especially in the crypto sector. The post SEC launches ‘Make IPOs Great Again’ initiative with crypto companies already lining up appeared first on Crypto Briefing.
The EU's sanctions highlight the growing regulatory focus on crypto compliance, impacting exchanges and privacy coins amid geopolitical tensions. The post EU blacklists six Russian scientists linked to Navalny poisoning, reigniting sanctions evasion spotlight on crypto appeared first on Crypto Briefing.
Potential alumina sanctions could disrupt EU supply chains, challenge Rusal's sourcing, and intensify scrutiny on crypto trade circumvention. The post EU holds off on alumina sanctions against Russia as Irish investigation nears conclusion appeared first on Crypto Briefing.
ESMA publishes its first post-deadline MiCA register update, adding 37 crypto-asset service providers, including Standard Chartered and FalconX.