AB Transfers Crypto Regulation to Market Authority

EU Takes Step Towards Crypto Regulation

The European Union’s executive body has decided to place the oversight of cryptocurrency companies under the European Securities and Markets Authority (ESMA). This move stands out as part of efforts to achieve "full integration" of financial markets.

The European Commission stated that this regulation would "make oversight more effective and conducive to cross-border activities." At the same time, it has been reported that regulators in some countries have expressed concerns regarding the implementation of MiCA and have called for stricter controls from ESMA.