Webinar

The Markets in Crypto-Assets (MiCA) regulation, set to be implemented in early 2024, is poised to revolutionize the European crypto-asset landscape. The legislation’s primary objective is to balance safeguarding investors and promoting financial stability, while nurturing innovation and bolstering the appeal of the crypto-asset sector.

In July 2018, the Central Bank of Ireland (CBI) proposed an Individual Accountability Framework (IAF), which includes the Senior Executive Accountability Regime (SEAR) to be modelled on the UK's Senior Managers and Certification Regime (SMCR).     

Regulators around the world are concerned with the risk of market abuse and market manipulation.

Market Abuse Regulations, includingMAR in the UK, the EU Market Abuse Regulation and Section 204A of the Investment Advisers Act of 1940 in the US, prohibit insider dealing, unlawful disclosure of inside information, and market manipulation.   

In a recent interview with Yahoo Finance, United States Securities and Exchange Commission Chair Gary Gensler said that he has one goal for crypto regulation in 2023 – “making crypto exchanges and lending platforms come into compliance.”