Regulation· ★★★★· bearish·

ESMA seeks broader powers to freeze crypto assets in the EU

  • —ESMA wants asset freezes on "reasonable suspicion" of money laundering or terrorist financing
  • —National regulators could gain power to take down scam and unauthorized crypto websites
  • —Proposed ban on misleading crypto marketing and new rules for third-party promotions
  • —ESMA seeks full fee disclosure requirements for crypto firms
Why it matters: Broader ESMA powers would speed up freezing of suspect assets and tighten pressure on unlicensed platforms serving EU clients.
Source: The Cryptonomist (IT)
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