ESMA calls for changes to make MiCA clearer, safer and ready for emerging services

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The European Securities and Markets Authority (ESMA) has submitted recommendations for the European Commission's review of the Markets in Crypto-Assets Regulation (MiCA). ESMA proposed stricter marketing rules, proportionate safeguards for DeFi, staking, and lending, as well as reinforced supervisory powers to combat fraud and unauthorized third-country firms. The regulator also suggested streamlining white-paper notifications and establishing a framework for tokenized securities and on-chain settlement.