The European Securities and Markets Authority (ESMA) has published its final recommendations for the implementation of new rules for the cryptocurrency sector.

The MiCA rules, designed to regulate the crypto market, are set to come into force on December 30 in EU countries. However, some countries have not yet adopted the relevant legislation.

The Central Bank of Portugal said that it has not identified the responsible authority for the implementation of MiCA.

ESMA will continue to support national authorities to successfully implement MiCA.