This coincided with earlier drafts published by the European Securities and Markets Authority (ESMA) in January, which emphasized that even editorial formats must include risk disclaimers and avoid investment phrasing unless appropriately qualified.
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82% of crypto media declined in MiCA-era Western Europe; Generalist sites stayed resilient – Outset report
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The European Securities and Markets Authority (ESMA) issued a warning in January 2025 stating that crypto-related editorial content must include risk disclaimers or eliminate investment language unless the publisher holds a proper license.
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