- The European Securities and Markets Authority wants to obtain more data on crypto transactions.
- She is particularly interested in off-chain data.
The European Union Securities and Markets Authority continues to focus more on the regulation of cryptocurrencies and has launched an initiative to increase the scrutiny of crypto transactions.
The European Securities and Markets Authority (ESMA) on Tuesday issued a public tender document aimed at collecting additional information on trading data on crypto transactions.
In particular, the regulator is looking for “crypto-off-chain data” or crypto-related transactions that do not originate from a blockchain. According to ESMA, such transactions also include spot and derivatives trading on central exchanges or via over-the-counter trading platforms.
“The data should cover all major exchanges and crypto assets in order to provide a fair representation of the crypto market landscape,” the document states. ESMA pointed out that crypto data providers should update their data daily:
“The data should be available on a daily basis and provide access to the order books, where spreads and liquidity can be seen across exchanges and trading pairs, and that in fiat and crypto.”
The contract ceiling is 100,000 euros. This corresponds to the maximum term of the four-year framework contract, according to ESMA. The regulatory authority has invited natural and legal persons to participate in the tender by August 17.
In this regard: “Breakthrough!” – EU finalizes the “first” comprehensive crypto regulation with MiCA
At the end of June 2022, the European Council agreed on the establishment of an anti-money laundering authority to oversee certain crypto asset service providers. The new regulator is to monitor “high-risk and cross-border financial companies”, including crypto companies, in order to “put an end to the wild West of unregulated cryptocurrencies”.