According to BlockBeats, on July 17, the three major European regulatory bodies—EBA, EIOPA, and ESMA, collectively known as ESA—released a consultation paper on the regulation of the crypto asset market (MiCAR). The document establishes a template for the interpretation and legal opinions on the classification of crypto assets and aims to standardize testing to promote a common approach to classification.
European Regulators Release MiCAR Consultation Paper
![](https://public.bnbstatic.com/image/pgc/202211/ff39a105a210ecd0a61407a69ad82dbd.jpg)
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