EU (ESMA)

The European Securities and Markets Authority (ESMA) is the primary regulator overseeing financial markets, securities, and investor protection across the European Economic Area (EEA). ESMA ensures uniform enforcement of securities laws across EU member states under directives such as MiFID II (Markets in Financial Instruments Directive II) and MiCA (Markets in Crypto-Assets Regulation).

Any Security Token Offering (STO) within the EU must comply with ESMA’s securities regulations, which primarily focus on prospectus requirements, exemptions, and investor protections.

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