Markets in Crypto Assets
The emergence of a virtual asset as a means of saving, which can be transferred or exchanged digitally, was developed as a decentralized form of electronic currency, allowing peer-to-peer (P2P) transactions without the involvement of a centralized authority, National Central Bank (Central Bank). As the use and development of virtual payment means – a crypto-asset, which was created as an alternative to the national currency, the interest to it grew rapidly, while becoming the subject of close attention of the world regulators.
The main objectives Markets in Crypto Assets
Ensuring legal certainty by providing a sound legal framework for crypto-assets in their scope of application that is not covered by existing financial services legislation. Avoid duplication of updated AML/FT legislation by creating public registries of crypto-asset providers. Support innovation and fair competition to promote the development of crypto assets by creating a safe and proportionate structure. Protection of consumers, investors and market integrity, taking into account the risks associated with crypto assets. Financial stability, including security measures to address potential risks. This approach is consistent with consumer protection and ensures effective and consistent access to the innovative single market markets for crypto assets.