{"id":24046,"date":"2023-10-17T21:11:51","date_gmt":"2023-10-17T21:11:51","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/esma-warned-crypto-investors-on-tuesday-find-out-more\/"},"modified":"2023-10-17T21:11:51","modified_gmt":"2023-10-17T21:11:51","slug":"esma-warned-crypto-investors-on-tuesday-find-out-more","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/esma-warned-crypto-investors-on-tuesday-find-out-more\/","title":{"rendered":"ESMA warned crypto investors on Tuesday: find out more"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/10\/alexandre-lallemand-Pcs3mOL14Sk-unsplash-1-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/10\/alexandre-lallemand-Pcs3mOL14Sk-unsplash-1-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/10\/alexandre-lallemand-Pcs3mOL14Sk-unsplash-1-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/10\/alexandre-lallemand-Pcs3mOL14Sk-unsplash-1-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>ESMA says MiCA will take time to be fully implemented.<\/li>\n<li>Crypto investors, therefore, remain at risk in the meantime.<\/li>\n<li>Bitcoin is trading well under the $29,000 level on Tuesday.<\/li>\n<\/ul>\n<p>All eyes are on <a href=\"https:\/\/coinjournal.net\/news\/tag\/bitcoin\/\">Bitcoin<\/a> after ESMA \u2013 the European Securities &amp; Markets Authority cautioned crypto investors on Tuesday.<\/p>\n<h2>MiCA will take time to be implemented<\/h2>\n<p>Earlier this year, the European Union approved an extensive set of regulations for crypto assets that it\u2019s calling Markets in Crypto-Assets Regulation.<\/p>\n<p>On Tuesday, however, ESMA warned crypto investors that it will likely take until December of 2024 for <a href=\"https:\/\/www.coindesk.com\/learn\/mica-eus-comprehensive-new-crypto-regulation-explained\/\" target=\"_blank\" rel=\"noopener\">MiCA<\/a> to be fully implemented.<\/p>\n<p>It is also worth mentioning here that a bunch of crypto firms will be able to remain in business without an EU license in states that grant them a transitional period of 18 months \u2013 which means full protections in these EU states will not be available until July 2026.<\/p>\n<p>At writing, Bitcoin is trading well under the $29,000 level.<\/p>\n<h2>ESMA says no cryptoassets is \u2018safe\u2019<\/h2>\n<p>ESMA did, however, confirm on Tuesday that it\u2019s working closely with national <a href=\"https:\/\/coinjournal.net\/news\/tag\/regulation\/\">regulators<\/a> and is motivating them to apply Markets in Crypto-Assets Regulations rules as soon as possible.<\/p>\n<p>Even with full protection, though, it recommended investors to be cautious when investing in <a href=\"https:\/\/coinjournal.net\/news\/\">cryptocurrencies<\/a>. The EU watchdog\u2019s statement reads:<\/p>\n<blockquote>\n<p>Even with implementation of MiCA, retail investors must be aware that there will be no such thing as a safe cryptoassets.<\/p>\n<\/blockquote>\n<p>Currently, crypto assets are unregulated under the rules laid out by the European Securities and Markets Authority. Regulating the crypto market has become a priority for ESMA ever since the collapse of <a href=\"https:\/\/www.investopedia.com\/what-went-wrong-with-ftx-6828447\" target=\"_blank\" rel=\"noopener\">FTX<\/a> and <a href=\"https:\/\/www.bqprime.com\/crypto\/pfx-why-did-terra-luna-crash-understand-how-ust-and-luna-lost-all-value\" target=\"_blank\" rel=\"noopener\">Terra Luna<\/a>.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/esma-warned-crypto-investors-on-tuesday\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) ESMA says MiCA will take time to be fully implemented. Crypto investors, therefore, remain at risk in the meantime. Bitcoin is trading well under the $29,000 level on Tuesday. All eyes are on Bitcoin after ESMA \u2013 the European Securities &amp; Markets Authority [&hellip;]<\/p>\n","protected":false},"author":30,"featured_media":24047,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/24046"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/30"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=24046"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/24046\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/24047"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=24046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=24046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=24046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}