Three major European regulators issued guidance on crypto asset regulation

According to BlockBeats, on July 17, the three major European regulatory agencies (EBA, EIOPA and ESMA, referred to as ESA) issued a consultation document on the Market Guidelines for Crypto Asset Regulation (MiCAR).

The document establishes a template for interpretations and legal opinions on the classification of crypto assets, as well as standardized tests aimed at promoting a common approach to classification.