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ESMA Guidance

Definition

ESMA Guidance consists of recommendations and interpretations issued by the European Securities and Markets Authority. These official documents provide clarity on how European Union financial regulations apply to specific markets, products, or activities. In the context of digital assets, ESMA guidance helps firms understand their obligations under existing directives, such as MiFID II, or upcoming regulations like MiCA. Its aim is to foster consistent supervisory practices and ensure investor protection across member states.