Draft guidelines on the conditions and criteria for the qualification of crypto-assets as financial instruments

In response to ESMA’s draft guidelines on classifying crypto-assets as financial instruments, Exponential Science offers insights grounded in research on DeFi, NFTs, and hybrid assets. The document addresses the complexities of defining financial instruments in a rapidly evolving landscape and highlights the importance of adaptable, technology-aware regulation. This contribution is intended to support thoughtful policymaking amid emerging innovation. 

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Download the report to explore our analysis and recommendations in full.

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