Quantcast

Adan submits response to the MiCA consultation on the detection and prevention of market abuse

CRYPTO NEWS AROUND THE GLOBE
7 Central Banks, including the Banque de France, are starting to explore tokenization to secure monetary exchanges
A European FinTech Hub Prepares to Get Tough on Crypto Companies
Crypto: Market Poised For Positive Second Quarter, Coinbase Says
Bank of England, FCA target autumn 2024 as earliest starting date for first UK Digital Securities Sandbox cohort
Binance breaks silence on Nigerian crisis by insisting detained exec has ‘no decision-making power’
Binance announces the listing of the Wormhole (W) token
D-7 before Paris Blockchain Week – What to expect?
Cryptocurrencies In Paris: Poubelle Coin And $ratp Invade The 2024 Olympics
Report by Bitget Reveals 1.5 Million Daily Active Crypto Traders in Western Europe
Global crypto funds rebound with nearly $900 million in net inflows last week
Stablecoin delistings in Europe spell change for crypto exchanges, issuers
Demystifying EU crypto legislation, insights from former Icelandic Central Bank chairman
Binance slammed with $35m money-laundering charge in Nigeria
Binance Introduces Ethena (ENA) as 50th Launchpool Project
FTX founder Sam Bankman-Fried sentenced to 25 years in prison
EU Markets Watchdog Steps Closer to Finalizing Rules Under MiCA
Global crypto funds saw record net outflows of nearly $1 billion last week
Binance Labs invests in StakeStone as it continues to bet big on restaking sector
Patrick Hansen Clarifies EU Regulation Misinformation: No Ban on Self-Hosted Wallets – News Bytes Bitcoin News
EU Clamps Down on Crypto Anonymity to Fight Money Laundering 
JPMorgan Warns of Further Bitcoin Decline Despite Recent Correction
Europe's Crypto Embrace Slowed, Watchdog Faces Resource Crunch
Greens’ push to end German cryptocurrency tax exemption sparks debate
French Energy Giant EDF Subsidiary Becomes Chiliz Blockchain Validator
N26 Launches New Cryptocurrency Trading Product, N26 Crypto
French Energy Giant EDF Subsidiary Becomes Validator on Chiliz Chain – Blockchain Adoption Rising?
Rise in crypto fund launches predicted as digital gains “acceptance”
EU threatens US hegemony of stablecoins and $140 billion market
Giggle Academy: Changpeng Zhao (CZ) presents his new entrepreneurial project
Crypto: France becomes one of the leaders in adoption!
All Crypto News Around The Globe
Adan submits response to the MiCA consultation on the detection and prevention of market abuse
Web3/Crypto
Webp fleuret
Faustine Fleuret, Adan president | Adan website

Adan has submitted its response to the Markets in Crypto-Assets Regulation (MiCA) consultation on the detection and prevention of market abuse, investor protection, and operational resilience. The response highlights considerations for promoting a proportionate and effective regulatory framework.

According to an Adan press release, the organization supports the fight against market abuse but opposes the classification of miners, validators, and custodians as persons professionally carrying out or arranging transactions (PPAETs). It states that miners and validators fail to meet the requirements established in section 92 of MiCA.

"It is unlikely that the imposition of PPAETs rules on validators/miners will be successful because they are not market operators. Therefore, it is practically impossible for them to meet these requirements effectively. This approach would not make it possible to effectively achieve the political objective of combating market abuse," Adan stated in the press release.

Get the Newsletter
Sign-up to receive weekly round up of news from Crypto Republique
By submitting, you agree to our Privacy Policy and Terms of Service. By providing your phone number you are opting in and consenting to receive recurring SMS/MMS messages, including automated texts, to that number from our short code. Msg & data rates may apply. Reply HELP for help, STOP to end. SMS opt-in will not be sold, rented, or shared.

In addition, Adan emphasized that miners and validators lack the ability to reorganize transactions, which would force them to conform to market abuse rules.

Adan expressed support for a proportional approach when establishing the Suspicious Transaction and Order Reporting (STOR) regime. "This would ensure that the systems can be adapted to the size, nature and scale of the commercial activity carried out by the PEAPT and, consequently, to the risk dimension of the activities carried out," Adan stated. "Proportionality guarantees the implementation of the proposed systems in a way that allows a correct allocation of resources without compromising the ability to prevent and detect market abuse situations."

In its response, Adan also offered clarifications on maximum extractable value (MEV) to prevent it from being automatically deemed as market abuse and provided details on information relating to the "location" of transactions integrated into the STOR model.

Organizations Included in this History
Adan EU
More News

BaFin issues warning on Timebtc Group for unauthorized financial and crypto services

The German Federal Financial Supervisory Authority (BaFin) has issued a warning regarding Timebtc Group, which is offering financial, investment, and cryptocurrency services without the necessary authorization.

Apr 21, 2025

CNMV announces warnings on unregistered financial and crypto entities

The Comisión Nacional del Mercado de Valores (CNMV) announced it had issued warnings about unregistered financial and crypto entities operating without proper authorization.

Apr 21, 2025

AMF follows EBA guidelines on restrictive measures for crypto-asset providers

The Autorité des Marchés Financiers (AMF) has announced its adherence to the European Banking Authority's (EBA) guidelines on restrictive measures for crypto-asset service providers, aimed at combating money laundering and terrorism financing.

Apr 21, 2025

HM Treasury releases 2023–24 AML supervision report highlighting crypto oversight

HM Treasury announced the 2023–24 Supervision Report on anti-money laundering (AML) and counter-terrorist financing (CTF), highlighting the Financial Conduct Authority's (FCA) oversight of UK crypto firms since 2020.

Apr 21, 2025

MEP Berger: 'The Trump government should orient itself towards Europe and the MiCA'

Member of the European Parliament (MEP) Stefan Berger has urged the Trump administration to align its policies with Europe's Markets in Crypto-Assets (MiCA) standards.

Apr 21, 2025

EUCI co-founder: 'The US administration's next step will influence the current crypto assets regulation in the EU'

Marina Markezic, director and co-founder of the European Crypto Initiative (EUCI), has described the call by the European Stability Mechanism (ESM) Managing Director to revise the Markets in Crypto-Assets (MiCA) regulation as "premature."

Apr 21, 2025

Crypto Comments
Loading...

No comments available.