Eur\u00f3pska \u00fania pripravuje z\u00e1sadn\u00fa zmenu v regul\u00e1cii digit\u00e1lnych akt\u00edv. Po nieko\u013ek\u00fdch rokoch diskusi\u00ed sa Brusel rozhodol, \u017ee doh\u013ead nad trhom s kryptomenami by mal by\u0165 prenesen\u00fd na Eur\u00f3psky org\u00e1n pre cenn\u00e9 papiere a trhy (ESMA). ESMA by prevzal \u00falohu prim\u00e1rneho org\u00e1nu doh\u013eadu nad spolo\u010dnos\u0165ami, ktor\u00e9 obchoduj\u00fa s kryptomenami alebo spravuj\u00fa digit\u00e1lne akt\u00edva.<\/p>\n\n\n\n
Z\u00e1kon MiCA, ktor\u00fd nadobudol platnos\u0165 v roku 2024, mal p\u00f4vodne za cie\u013e zjednoti\u0165 trh. Namiesto toho v\u0161ak uk\u00e1zal, ako odli\u0161ne jednotliv\u00e9 \u0161t\u00e1ty pristupuj\u00fa k tejto ot\u00e1zke. Ka\u017ed\u00fd regul\u00e1tor za\u010dal interpretova\u0165 pravidl\u00e1 svoj\u00edm vlastn\u00fdm sp\u00f4sobom \u2013 v praxi to znamen\u00e1, \u017ee spolo\u010dnos\u0165 s licenciou v jednej krajine mohla ma\u0165 \u00faplne odli\u0161n\u00e9 podmienky ako jej konkurenti p\u00e1r kilometrov \u010falej.<\/p>\n\n\n\n
Eur\u00f3pska komisia preto navrhuje, aby ESMA dohliadala na najv\u00e4\u010d\u0161\u00edch a najvplyvnej\u0161\u00edch hr\u00e1\u010dov \u2013 predov\u0161etk\u00fdm kryptoburzy, spr\u00e1vcov akt\u00edv a poskytovate\u013eov stablecoinov. N\u00e1rodn\u00e9 org\u00e1ny by na\u010falej rie\u0161ili lok\u00e1lne spolo\u010dnosti, ale k\u013e\u00fa\u010dov\u00e9 rozhodnutia by sa presunuli do Bruselu.<\/p>\n\n\n\n
Eur\u00f3psky trh s kryptomenami rastie a s n\u00edm aj probl\u00e9my. Na jednej strane s\u00fa investori, ktor\u00ed po\u017eaduj\u00fa istotu a jasn\u00e9 pravidl\u00e1. Na druhej strane s\u00fa start-upy, ktor\u00e9 sa ob\u00e1vaj\u00fa, \u017ee pr\u00edsnej\u0161\u00ed doh\u013ead ich spomal\u00ed. Komisia tvrd\u00ed, \u017ee cie\u013eom nie je byrokracia, ale jednotn\u00e9 a zrozumite\u013en\u00e9 pravidl\u00e1, aby podniky presne vedeli, \u010do sa od nich o\u010dak\u00e1va, a investori vedeli, komu m\u00f4\u017eu d\u00f4verova\u0165.<\/p>\n\n\n\n
Jednotn\u00fd doh\u013ead by mal tie\u017e skoncova\u0165 s takzvan\u00fdm regula\u010dn\u00fdm turizmom, ke\u010f sa spolo\u010dnosti s\u0165ahovali tam, kde bol doh\u013ead najvo\u013enej\u0161\u00ed. V niektor\u00fdch pr\u00edpadoch i\u0161lo o \u00famyseln\u00e9 obch\u00e1dzanie pravidiel, \u010do po\u0161kodilo poves\u0165 cel\u00e9ho odvetvia.<\/p>\n\n\n\n
Pod\u013ea n\u00e1vrhu ESMA v roku 2026 spust\u00ed centralizovan\u00fd syst\u00e9m zberu \u00fadajov pre trh s kryptomenami. Bude to platforma, ktor\u00e1 bude monitorova\u0165 hlavn\u00e9 burzy, ve\u013ek\u00e9 prevody akt\u00edv a podozriv\u00e9 transakcie. N\u00e1rodn\u00e9 org\u00e1ny bud\u00fa poskytova\u0165 \u00fadaje a spolupracova\u0165, ale riadenie zostane v ruk\u00e1ch agent\u00fary.<\/p>\n\n\n\n
Spolo\u010dnosti, ktor\u00e9 patria do kateg\u00f3rie \u201eeur\u00f3psky v\u00fdznamn\u00e9\u201c, bud\u00fa podlieha\u0165 priamemu doh\u013eadu ESMA. To znamen\u00e1 pravideln\u00e9 pod\u00e1vanie spr\u00e1v o finan\u010dn\u00fdch v\u00fdsledkoch, bezpe\u010dnosti prostriedkov klientov a dodr\u017eiavan\u00ed pravidiel proti praniu \u0161pinav\u00fdch pe\u0148az\u00ed.<\/p>\n\n\n\n
Z\u00e1stancovia tvrdia, \u017ee centraliz\u00e1cia kone\u010dne priniesla poriadok do sveta kryptomien. Investori by mali jasn\u00e9 z\u00e1ruky a spolo\u010dnosti by sa nemuseli zaobera\u0165 r\u00f4znymi interpret\u00e1ciami z\u00e1kona. Eur\u00f3psky trh by tak z\u00edskal jednotn\u00fd r\u00e1mec, ktor\u00fd by mohol pril\u00e1ka\u0165 aj zahrani\u010dn\u00fd kapit\u00e1l.<\/p>\n\n\n\n
Kritici varuj\u00fa, \u017ee nadmern\u00e1 kontrola by mohla ma\u0165 opa\u010dn\u00fd \u00fa\u010dinok. ESMA bude musie\u0165 spravova\u0165 stovky subjektov a existuje riziko, \u017ee pre\u0165a\u017een\u00fd doh\u013ead spomal\u00ed schva\u013eovanie nov\u00fdch projektov. Men\u0161ie krajiny, ktor\u00e9 doteraz pri\u0165ahovali krypto spolo\u010dnosti miernej\u0161\u00edmi podmienkami, maj\u00fa tie\u017e obavy \u2013 boja sa, \u017ee stratia svoje v\u00fdhody a invest\u00edcie.<\/p>\n\n\n\n
Pre spolo\u010dnosti to bude znamena\u0165 viac administrat\u00edvy, ale aj v\u00e4\u010d\u0161iu istotu, \u017ee ich licencia bude platn\u00e1 v celej E\u00da bez \u010fal\u0161\u00edch formal\u00edt. Investori by zase mali ma\u0165 \u013eah\u0161\u00ed pr\u00edstup k inform\u00e1ci\u00e1m o tom, ktor\u00e9 spolo\u010dnosti skuto\u010dne maj\u00fa platn\u00fa eur\u00f3psku licenciu. To by mohlo v\u00fdrazne posilni\u0165 d\u00f4veru, ktor\u00e1 utrpela po kolapse nieko\u013ek\u00fdch ve\u013ek\u00fdch kryptob\u00farz v minulosti.<\/p>\n\n\n\n
Z dlhodob\u00e9ho h\u013eadiska by jednotn\u00fd doh\u013ead mohol posilni\u0165 stabilitu cel\u00e9ho sektora. Ak bude nastaven\u00fd rozumne, umo\u017en\u00ed spolo\u010dnostiam pl\u00e1nova\u0165 rast bez ob\u00e1v, \u017ee sa zajtra \u00faplne zmenia predpisy v susednej krajine.<\/p>\n\n\n\n
Eur\u00f3pa by sa tak mohla sta\u0165 prv\u00fdm regi\u00f3nom na svete, kde krypto priemysel podlieha komplexn\u00e9mu a predv\u00eddate\u013en\u00e9mu doh\u013eadu. K\u00fdm Spojen\u00e9 \u0161t\u00e1ty a \u00c1zia st\u00e1le t\u00e1pu v tme s fragmentovan\u00fdmi pravidlami, Brusel chce uk\u00e1za\u0165, \u017ee technol\u00f3gia a regul\u00e1cia sa navz\u00e1jom nevylu\u010duj\u00fa.<\/p>\n\n\n\n
Ak sa ESMA podar\u00ed skombinova\u0165 pr\u00edsnu kontrolu s dostato\u010dnou flexibilitou pre inov\u00e1cie, tento krok by mohol by\u0165 k\u013e\u00fa\u010dov\u00fd pre eur\u00f3psky krypto trh. Ak nie, existuje riziko, \u017ee spolo\u010dnosti sa bud\u00fa obzera\u0165 inde \u2013 tam, kde s\u00fa pravidl\u00e1 menej re\u0161trikt\u00edvne.<\/p>\n\n\n\n
Eur\u00f3pska \u00fania<\/a> sa nach\u00e1dza na kri\u017eovatke. Centralizovan\u00fd doh\u013ead pod ESMA m\u00f4\u017ee prinies\u0165 poriadok, d\u00f4veru a dlhodob\u00fa stabilitu. Ale len vtedy, ak sa podar\u00ed udr\u017ea\u0165 rovnov\u00e1hu medzi ochranou trhu a slobodou podnikania.<\/p>\n\n\n\n Kryptomeny u\u017e d\u00e1vno nie s\u00fa okrajovou z\u00e1le\u017eitos\u0165ou. Brusel si to uvedomuje \u2013 a chce, aby Eur\u00f3pa mala v tejto oblasti jasn\u00e9 pravidl\u00e1 aj slovo. Ako \u00faspe\u0161ne sa to podar\u00ed, uk\u00e1\u017ee a\u017e bud\u00faci rok.<\/p>\n\n\n\n Brusel sa chyst\u00e1 harmonizova\u0165 pravidl\u00e1 a zn\u00ed\u017ei\u0165 zm\u00e4tok, ktor\u00fd panuje v jednotliv\u00fdch krajin\u00e1ch Eur\u00f3pska \u00fania pripravuje z\u00e1sadn\u00fa zmenu v regul\u00e1cii digit\u00e1lnych akt\u00edv. Po nieko\u013ek\u00fdch rokoch diskusi\u00ed sa Brusel rozhodol, \u017ee doh\u013ead nad trhom s kryptomenami by mal by\u0165 prenesen\u00fd na Eur\u00f3psky org\u00e1n pre cenn\u00e9 papiere a trhy (ESMA). ESMA by prevzal \u00falohu prim\u00e1rneho org\u00e1nu doh\u013eadu […]<\/p>\n","protected":false},"author":2,"featured_media":51748,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"yasr_overall_rating":0,"yasr_post_is_review":"","yasr_auto_insert_disabled":"","yasr_review_type":"","footnotes":""},"categories":[168],"tags":[124,89],"class_list":["post-51766","post","type-post","status-publish","format-standard","has-post-thumbnail","category-kryptomeny-sk","tag-krypto-sk","tag-kryptomeny-sk"],"aioseo_notices":[],"yasr_visitor_votes":{"stars_attributes":{"read_only":false,"span_bottom":false},"number_of_votes":0,"sum_votes":0},"aioseo_meta":{"seo_title":"E\u00da chce poveri\u0165 ESMA doh\u013eadom #separator_sa #site_title","meta_description":"Eur\u00f3pska \u00fania pripravuje z\u00e1sadn\u00fa zmenu v regul\u00e1cii digit\u00e1lnych akt\u00edv. Po nieko\u013ek\u00fdch rokoch diskusi\u00ed sa Brusel rozhodol, \u017ee doh\u013ead nad trhom s kryptomenami...","focus_keyword":""},"_links":{"self":[{"href":"https:\/\/crypto-globe.com\/sk\/wp-json\/wp\/v2\/posts\/51766","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/crypto-globe.com\/sk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-globe.com\/sk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-globe.com\/sk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-globe.com\/sk\/wp-json\/wp\/v2\/comments?post=51766"}],"version-history":[{"count":4,"href":"https:\/\/crypto-globe.com\/sk\/wp-json\/wp\/v2\/posts\/51766\/revisions"}],"predecessor-version":[{"id":51770,"href":"https:\/\/crypto-globe.com\/sk\/wp-json\/wp\/v2\/posts\/51766\/revisions\/51770"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-globe.com\/sk\/wp-json\/wp\/v2\/media\/51748"}],"wp:attachment":[{"href":"https:\/\/crypto-globe.com\/sk\/wp-json\/wp\/v2\/media?parent=51766"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-globe.com\/sk\/wp-json\/wp\/v2\/categories?post=51766"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-globe.com\/sk\/wp-json\/wp\/v2\/tags?post=51766"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\u010c\u00edtajte \u010falej: FTMO recenzia platformy<\/a><\/h3>\n","protected":false},"excerpt":{"rendered":"