[European Securities and Markets Authority: Crypto Perpetual Derivatives May Be Subject to CFD Rules] The European Securities and Markets Authority (ESMA) has issued a notice reminding relevant entities to assess leveraged investment tools tied to cryptocurrencies. ESMA pointed out that derivatives such as perpetual futures or perpetual contracts linked to Bitcoin or Ethereum may fall under the definition of Contracts for Difference (CFDs) and must comply with product intervention requirements, including leverage limits, risk warnings, margin close-out, negative balance protection, and the prohibition of monetary and non-monetary benefits. As the regulatory authority for the EU's crypto-asset market framework (MiCA), ESMA urges companies to take measures to identify, prevent, or manage related conflicts of interest.