EU crypto community has two weeks to join conversation on crypto data

The European Union’s securities regulator continues to strengthen its focus on cryptocurrency regulation, initiating a move to implement increased scrutiny of crypto transactions.

The European Securities and Markets Authority (ESMA) on Tuesday issued a public tender document aiming to collect additional information about trading data on crypto transactions.

The regulator is specifically looking for “crypto off-chain data” or crypto-related transactions that do not originate from a blockchain. According to ESMA, such transactions include spot and derivatives trade at centralized exchanges or over-the-counter trading platforms.

“The coverage should encompass all major exchanges and crypto assets so that it provides a fair representation of the crypto market landscape,” the document reads. The ESMA pointed out that crypto data providers should update their data on a daily basis, stating:

“Data should be available with daily frequency and include access to order books where to see spreads and liquidity across exchanges and trading pairs – in fiat and crypto.”

The contract ceiling is 100,000 euros ($102,000), corresponding to the maximum duration of the four-year framework contract, the ESMA noted. The regulator invited natural and legal persons to participate in the tender by Aug. 17.

Related: EU agrees on MiCA regulation to crack down on crypto and stablecoins

The news comes shortly after the European Council reached an agreement to create a separate Anti-Money Laundering (AML) authority to supervise certain crypto asset service providers in late June 2022. The new regulator is expected to monitor “high-risk and cross-border financial entities” including crypto firms in order to “put an end to the wild west of unregulated crypto.”

All Dutch and English crypto news!

Expansion of short-term BTC holders suggests ‘final flush’ of sellers

A recent spike in short-term BTC holders could signal a "final flush" of sellers, meaning the capitulation events have played out, leaving the market ready...

Crypto exchange Binance obtains preliminary approval to operate in Kazakhstan

Binance, the world's leading cryptocurrency exchange, has won another battle in its quest for global dominance.    The cryptocurrency exchange announced via a blog post on Monday, August...

Australian Securities Exchange takes step towards tokenized asset trading

Companies on the Australian Securities Exchange (ASX) could be able to trade tokenized bonds, equities, funds, or carbon credits after a successful proof-of-concept trial led...

Justin Bieber, Paris Hilton among 19 celebs called out for shilling NFTs

Consumer watchdog group Truth in Advertising (TINA.org) has called out 19 celebrities for allegedly promoting non-fungible tokens (NFTs) without disclosing their connection to the projects.  The...

Beste exchanges

Koop je crypto bij Bitvavo