EU crypto community has two weeks to join a conversation about crypto data


The European Union’s securities regulator continues to focus on the regulation of cryptocurrencies and has taken a step towards more oversight of crypto transactions.

The European Securities and Markets Authority (ESMA) issued a public procurement document on Tuesday with the aim of gathering additional information on trading data on crypto transactions.

The regulator is specifically looking for “crypto off-chain data” or crypto-related transactions that do not originate from a blockchain. According to ESMA, such transactions include spot and derivatives trading on centralized exchanges or over-the-counter trading platforms.

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“Coverage should include all major exchanges and crypto assets so that it provides a fair representation of the crypto market landscape,” the document reads. ESMA pointed out that crypto data providers should update their data on a daily basis, stating:

“Data should be available on a daily basis and provide access to order books showing spreads and liquidity across exchanges and trading pairs – in fiat and crypto.”

The contract cap is 100,000 euros ($102,000), which corresponds to the maximum duration of the four-year framework contract, ESMA noted. The regulator invited natural and legal persons to participate in the tender by 17 August.

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Related: EU Agreement on MiCA Regulations to Tackle Crypto and Stablecoins

The news comes shortly after the European Council reached an agreement to establish a separate Anti-Money Laundering (AML) authority at the end of June 2022 to oversee certain crypto asset service providers. financial entities” including crypto companies to “end the wild west of unregulated crypto”.