On July 17, the three major European regulatory bodies (EBA, EIOPA, and ESMA) released a consultation paper on the guidance for the Crypto Asset Markets Regulation (MiCAR), with the aim of establishing standardized tests and legal advice templates for the classification of crypto assets in order to promote a uniform classification approach. The main content includes: Asset Reference Tokens (ARTs): White papers issuing ARTs must be accompanied by a legal opinion explaining their classification an...