📜 EU securities group advises regulating crypto assets under existing rules

The Securities and Markets Stakeholders Group (SMSG), which advises the EU’s securities group recommended that the European Securities and Markets Authority (ESMA) consider crypto assets under existing rules—specifically, the MiFID II (Markets in Financial Instruments Directive II) regulations, which came into force in January. The reason was that transferable crypto assets used in payments are increasingly considered as investments and related risks are similar to those seen in the capital markets.

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