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Home » Europe takes page from Gary Gensler’s crypto playbook: ‘Something we don’t want to happen here’ – DLNews

Europe takes page from Gary Gensler’s crypto playbook: ‘Something we don’t want to happen here’ – DLNews

Europe takes page from Gary Gensler’s crypto playbook: ‘Something we don’t want to happen here’ – DLNews

European financial regulators have published a new consultation on how to classify crypto assets.Legal experts are concerned about crypto assets falling more under securities laws.Countries will have to assess which crypto asset is a financial instrument on a case-by-case basis.This could lead to additional costs for crypto firms and regulatory arbitrage.Europe’s landmark crypto rulebook may take a bigger bite of securities laws than experts first expected.The European Securities and Markets Authority released a new report this week that may rope in some crypto firms under the EU’s securities rules – not just the bloc’s bespoke crypto laws, known as MiCA.The securities… 

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