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ESMA wants EU regulators to tackle market abuse in crypto assets

Crypto apps on a phone
Photo: Getty Images

Newly released guidelines on supervision argue for risk-based approach, but one where issues are addressed by regulators.

The background to the publication of the guidelines is concern over the potential risk of market abuse in crypto assets, one that national regulators are required to detect and prevent under EU MiCA.

A deeper concern is that the widespread adoption of crypto assets by investors, coupled with their sometimes