The European Securities and Markets Authority (ESMA) recently released its final guidelines on cryptocurrency regulations to assist member states in preparing for the upcoming Markets in Crypto-Assets (MiCA) regulation. This regulation is set to take effect on December 30 across the 27 EU member states. However, some countries are still preparing for the legislation, and the Central Bank of Portugal has stated that it has not yet determined the competent authority responsible for enforcement.

ESMA Chair Verena Ross emphasized that it will continue to work with countries to ensure the smooth implementation of MiCA. Despite the challenges posed by time constraints, ESMA remains committed to supporting a level playing field through regulatory convergence. 🌍📊