Our services cover a wide range of areas. We focus on News, Earnings, Guidance, Dividends, Mergers and Acquisitions, and more. We also delve into Legal matters, Interviews, and IPOs.

We provide insights on various financial segments, including Pre-Market, After Hours, ETFs, and Forex. You’ll find information on Cannabis, Commodities, Bonds, and even Cryptocurrency. We cover everything from Penny Stocks to Digital Securities.

In our press section, we highlight key figures like Jim Cramer. We also share the Stock of the Day, best stocks, and ETFs. If you’re interested in small-cap stocks or REITs, we’ve got you covered.

Recently, the European Securities and Markets Authority (ESMA) called for improvements to the Markets in Crypto-Assets Regulation (MiCA). They expressed concerns about the current framework. On October 16, ESMA urged the European Commission to make changes that enhance regulatory oversight in the crypto space.

ESMA understands the legal limitations but emphasizes the importance of the original policy goals. Their recommendations focus on refining two key regulatory technical standards (RTS) within MiCA. These standards address essential aspects like disclosures about crypto services and the authorization process for Crypto Asset Service Providers (CASPs).

One major change ESMA advocates for is mandatory external cybersecurity audits for CASP applicants. They believe applicants should provide an external assessment of their management's integrity. This should include proof that the organization has no record of penalties outside of areas like commercial law or anti-money laundering.

ESMA also stresses the need to check for any involvement in fraud or financial misconduct. These measures aim to boost the resilience of the crypto market and enhance investor protection.

ESMA believes these adjustments will lead to a more robust review process for applicants wanting to offer crypto services in the EU. By increasing scrutiny, they hope to strengthen market resilience and build investor trust.

The final decision on these proposed amendments lies with the European Parliament and the European Council. The Council can adopt the RTS with changes or reject them entirely. Meanwhile, the Parliament can object to the revised RTS within three months.

These regulatory efforts come as the EU prepares for the full implementation of MiCA, expected on December 30. This marks a significant step in the region's efforts to regulate digital assets comprehensively.

In a statement to Benzinga, Anthony Yeung, from Coincover, noted that the Web3 industry can only grow and attract users with stronger cyber protection rules. He pointed out that theft and hacking can ruin companies’ reputations and damage overall market confidence.

Yeung highlighted that centralized exchanges are prime targets for hackers. While regular external security audits can improve the industry, they won’t eliminate the threat. Crypto firms must keep investing in technologies that prevent threats and recover from incidents, focusing on user safety.

The evolving landscape of crypto regulation will be a hot topic at Benzinga's Future of Digital Assets event on November 19.

Stay tuned for more updates and insights from Benzinga APIs.