EU Regulator Clarifies MiCA Rules for Overseas Crypto FirmsThe European Securities and Markets Authority (ESMA) has issued new guidelines to prevent unauthorized overseas firms from exploiting loopholes to reach EU clients, under the Markets in Crypto Assets (MiCA) regulations. Key Points:- Unauthorized firms cannot offer services to EU clients unless approached first.- It’s illegal for EU brokers to systematically route orders to non-EU venues without exploring alternatives.- Brokers must not use overseas exchange brands in a way that confuses EU clients.- Limited or unusual revenue from EU clients could signal unlawful solicitation.However, EU-authorized brokers can offer exchange services and partner with non-EU entities for liquidity and risk management.#Crypto #MiCA #ESMA #Regulation #CryptoAssets #EUCompliance