ESMA has proposed changes to the Markets in Crypto-Assets Regulation (MiCA) on September 30, 2026. The recommendations aim to enhance clarity, safety, and readiness for emerging services in the crypto market.
The proposed changes are part of ESMA's response to the European Commission's public consultation on MiCA. ESMA's recommendations include stricter rules for marketing crypto-assets, particularly those promoted by influencers, and greater transparency regarding costs and risks.
The recommendations apply to crypto-asset service providers (CASPs) and token issuers. ESMA emphasizes the need for compliance with MiCA requirements, especially concerning stablecoins and unauthorized services.
ESMA has set a deadline of September 30, 2026, for firms to prepare for potential regulatory changes that may impact their operations, particularly in marketing practices and compliance obligations.
ESMA's recommendations also include reinforcing supervisory powers to combat unauthorized services and online fraud, and to ensure compliance with MiCA requirements for stablecoins. The authority aims to support the development of an integrated European tokenized capital market.