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Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
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Coin Circle (120btc.COM): Although the EU has officially signed the Crypto Asset Market Regulation Act MiCA in early June, it is expected that the law will be officially implemented after mid-2024.

Last night (17), officials from the European Securities and Markets Authority (ESMA) revealed that they are focusing their next work on refining regulations in the field of cryptocurrency, and named a number of large cryptocurrency companies headed by "" not to try to manipulate the system.

The European Securities and Markets Authority (ESMA) is an independent EU agency dedicated to contributing to maintaining the stability of the EU financial system by strengthening investor protection and promoting stable and orderly financial markets.

 Ensure that Binance does not play with the regulatory system 

According to DLNews, ESMA's senior policy official Benjamin
Burlat pointed out in an interview that some cryptocurrency companies from non-traditional business models may find loopholes in the current system and use them to circumvent regulation.

To optimize the above potential risks, ESMA first emphasized the importance of the 27 EU member states using the same laws, and revealed that they will focus on optimizing crypto regulations in the future to avoid "loopholes": For large companies like Binance, we need to ensure that MiCA regulations can be implemented in a consistent manner in each member state.

ESMA will promote consistent crypto regulation in EU member states

Burlat also further elaborated on the concerns of current regulators. Since the MiCA Act stipulates that companies can "transfer" their licenses, this means that if an institution is authorized in one country, it can legally operate in any region of the 27 EU member states: As an organization, ESMA is very important to ensure that we promote the consistent application of rules from the beginning. In this way, all market participants will be subject to the same degree of scrutiny in each EU country.

In addition, Amandine Cordier, another ESMA official responsible for investor protection, also said that the malicious incident in which FTX misappropriated customer funds and eventually became insolvent and bankrupt also influenced ESMA to pay more attention to the potential risks brought by "conflicts of interest" when implementing the MiCA Act: We have seen before that conflicts of interest can cause serious problems and harm investors if they are not prevented or managed.