ESMA 计划限制矿工和验证者利用的 MEV（最大可提取价值）

欧洲证券和市场管理局（ESMA）计划限制矿工和验证者利用的 MEV（最大可提取价值）。

The European Securities and Markets Authority (ESMA) is planning to put a limit on the MEV (Maximum Extractable Value) that miners and validators can use.

欧洲证券和市场管理局（ESMA）计划对矿工和验证者可以使用的 MEV（最大可提取价值）进行限制。

Patrick Hansen, who is in charge of Strategy and Policy for the EU region at Circle, said that the EU wants to make MEV "illegal" when talking about the plan.

Circle 负责欧盟地区战略和政策的帕特里克·汉森 (Patrick Hansen) 在谈到该计划时表示，欧盟希望使 MEV“非法”。

“MEV is treated as a clear example of illegal market abuse by EU draft standards specifying MiCA rules.”

“欧盟规定 MiCA 规则的标准草案将 MEV 视为非法市场滥用的明显例子。”

ESMA's implementation guidelines for various rules in MiCA (Markets in Crypto Assets Regulation) include the MEV restriction (Markets in Crypto Assets Regulation).

ESMA 针对 MiCA（加密资产市场监管）各项规则的实施指南包括 MEV 限制（加密资产市场监管）。

For those who don't know, MEV is a way for miners and validators to make more money by changing the order of transactions to give priority to those that pay more.

对于那些不知道的人来说，MEV 是矿工和验证者通过改变交易顺序以优先考虑那些支付更多费用的人来赚更多钱的一种方式。

In ESMA's plan (page 10), the "re-ordering" part of MEV is seen as "market abuse."

在ESMA的计划（第10页）中，MEV的“重新排序”部分被视为“市场滥用”。

“Second, ESMA notes that where MiCA specifies that orders, transactions, or other aspects of the distributed ledger technology may suggest the existence of market abuse, e.g., the well-known Maximum Extractable Value (MEV), whereby a miner/validator can take advantage of its ability to arbitrarily reorder transactions to front-run a specific transaction(s) and therefore make a profit.”

“其次，ESMA 指出，MiCA 指定订单、交易或分布式账本技术的其他方面可能表明存在市场滥用，例如众所周知的最大可提取价值（MEV），矿工/验证者可以据此采取利用其任意重新排序交易的能力来抢先执行特定交易，从而获利。”

Before the end of June, stakeholders are asked to give their thoughts on the draft standards. Brokers and cryptocurrency exchanges will be required to notify authorities of any suspicious transactions or re-orders if the standards are implemented.

六月底之前，请利益相关者就标准草案提出想法。如果实施这些标准，经纪商和加密货币交易所将被要求将任何可疑交易或重新订单通知当局。

However, Hansen highlighted the difficulty in putting the plan into action if it is approved, pointing out that each instance of MEV must be reported and that MEV operators may face indictments and charges.

然而，汉森强调，如果该计划获得批准，将很难付诸实施，并指出必须报告每个 MEV 实例，并且 MEV 运营商可能面临起诉和指控。

“Actors involved in MEV could become the target of investigations and enforcements.”

“参与 MEV 的参与者可能会成为调查和执法的目标。”

The EU's actions appear to follow those of the US. Two brothers were recently charged by the US DoJ for exploiting a complex MEV technique on the Ethereum network to the tune of $25 million.

欧盟的行动似乎追随美国的脚步。最近，两兄弟因在以太坊网络上利用复杂的 MEV 技术而被美国司法部指控价值 2500 万美元。

It was the first time that charges had been brought in a scenario involving MEV. However, with the EU's plan, it appears that more operators could face charges.

这是首次在涉及 MEV 的情况下提出指控。然而，根据欧盟的计划，似乎更多运营商可能面临指控。

Robert Sasu of MultiversX, for his part, stated that "MEV" was theft and expressed support for the EU's plan.

MultiversX 的 Robert Sasu 则表示“MEV”是盗窃行为，并表示支持欧盟的计划。

“MEV is theft. #blockchain world was supposed to create a better world, not to go into the frenzy of greed.”

“MEV 就是盗窃。 #区块链世界应该创造一个更美好的世界，而不是陷入贪婪的疯狂。”

However, the EU's proposal came under fire from the cryptocurrency analytics platform Coinalyze, which stated,

然而，欧盟的提议遭到了加密货币分析平台 Coinalyze 的批评，该平台表示，

“The EU regulators are very determined to destroy the crypto industry in EU. There is no central bank in the world that hates crypto as much as ECB does.”

“欧盟监管机构决心摧毁欧盟的加密货币行业。世界上没有哪家央行像欧洲央行那样讨厌加密货币。”

The proposal is currently only a draft standard; however, if adopted, it could have far-reaching implications, particularly for validators or miners operating within the EU and beyond.

该提案目前只是一个标准草案；然而，如果被采用，它可能会产生深远的影响，特别是对于在欧盟内外运营的验证者或矿工而言。