The European Union’s securities regulator continues to strengthen its focus on cryptocurrency regulation, initiating a move to implement increased scrutiny of crypto transactions.
The European Securities and Markets Authority (ESMA) on Tuesday issued a public tender document aiming to collect additional information about 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 trade at centralized exchanges or over-the-counter trading platforms.
“The coverage should encompass all major exchanges and crypto assets so that it provides a fair representation of the crypto market landscape,” the document reads. The ESMA pointed out that crypto data providers should update their data on a daily basis, stating:
“Data should be available with daily frequency and include access to order books where to see...
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