EU Launches Guidelines for Curbing Crypto Market Abuse

The European Securities and Markets Authority (ESMA) has released guidelines for EU regulators to combat market manipulation in the crypto space. These rules outline steps national authorities should take to monitor on-chain and off-chain data, targeting tactics like insider trading and false information campaigns. The guidelines align with the Markets in Crypto-Assets Regulation (MiCA), which entered into effect in December 2024. They also address cross-border supervisory hurdles, instructing regulators to identify challenges supervising non-EU crypto firms.