Definition ∞ An ESMA Recommendation refers to guidance or advice issued by the European Securities and Markets Authority concerning financial regulations within the European Union. These recommendations are typically non-binding but serve to promote consistent application of EU law and enhance investor protection across member states. They often address emerging financial products or market practices, including those related to digital assets. Such recommendations aim to shape regulatory approaches and market conduct.
Context ∞ ESMA recommendations are significant for understanding the evolving regulatory landscape for digital assets in Europe. News frequently reports on these recommendations as indicators of potential future legislative changes or increased scrutiny on crypto-related activities. A key debate often involves the scope and impact of these recommendations on innovation versus consumer protection.
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