币界网报道：The crypto industry is closely monitoring the potential impact of the proposed Market Abuse and Market Manipulation Directive (MAMDANI) by the European Securities and Markets Authority (ESMA). If implemented, MAMDANI could impose stricter regulations on crypto transactions, including enhanced surveillance and reporting requirements for suspicious activities. Industry leaders express concerns that the directive may increase compliance costs and limit market liquidity, particularly for decentralized exchanges. Some experts argue the rules could help legitimize crypto markets by reducing fraud, while others warn of unintended consequences for innovation. The final decision is expected in Q4 2023 after further consultations with stakeholders.