🔔#CryptoNews Alert! The European Securities and Markets Authority (ESMA) has raised concerns over a technique used by some crypto miners, known as Maximum Extractable Value (MEV), under its latest regulatory proposals. MEV involves blockchain operators reordering transactions to maximize their profits, a practice that ESMA flags as potentially suspicious. 🧐

While some industry advocates argue that MEV improves blockchain network efficiency, the ESMA's stance has sparked debates. The European Crypto Initiative (EUCI) argues that MEV should not be considered as market abuse and warns against overregulation. 🚫

The ESMA's consultation on proposals to tackle market abuse notes that the legislation extends the EU’s existing market abuse rules to include reporting suspicious activity resulting from the functioning of distributed ledger technology.

What's your take on this? Is MEV a form of market abuse or a necessary evil for network efficiency? Let's discuss! 💬

#Blockchain #CryptoRegulation #ESMA #MEV