{"id":134747,"date":"2024-08-02T11:30:08","date_gmt":"2024-08-02T08:30:08","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=134747"},"modified":"2024-08-02T02:06:01","modified_gmt":"2024-08-01T23:06:01","slug":"eu-flags-concerns-over-crypto-firms-with-partial-licenses","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/eu-flags-concerns-over-crypto-firms-with-partial-licenses\/","title":{"rendered":"EU Flags Concerns Over Crypto Firms with Partial Licenses"},"content":{"rendered":"

On July 31, ESMA highlighted<\/a> <\/strong>risks linked to these firms\u2019 use of EU-licensed brokers to handle trades through non-EU execution venues. This practice, according to ESMA, could jeopardize consumer protection and create an uneven competitive environment for EU trading platforms.<\/p>\n

To address these issues, ESMA is urging National Competent Authorities in EU member states to rigorously evaluate the business models of these firms during the authorization process.<\/p>\n

The authority stressed that compliance with MiCA is essential for safeguarding market integrity and consumer interest.<\/p>\n