Yes, the new legal framework under MiCA will include the following regulations for crypto service providers
- Transparency: Clear and accurate disclosure of information to the public
- Disclosure: Providing customers with information about the risks and benefits of crypto-assets
- Authorization: Obtaining licenses and permits to operate
- Supervision of transactions: Regular monitoring and reporting of transactions
- Investor protection: Ensuring that investors are aware of the risks involved in crypto-assets
In addition, the European Securities and Markets Authority (ESMA) is working with national authorities to establish consistent guidelines for authorizing crypto-asset service providers during the transitional phase of MiCA