The European Commission has proposed granting the European Securities and Markets Authority (ESMA) direct oversight over crypto asset service providers across the EU, aiming to unify and streamline regulation similar to the U.S. SEC's approach. This centralization seeks to resolve fragmented oversight, enabling ESMA to authorize cross-border operations, oversee key trading infrastructures, and enhance legal clarity for blockchain technologies. While some member states such as France and Germany support the shift, others express concerns over sovereignty and bureaucracy. The reforms are part of a broader capital markets integration effort planned for phased implementation starting in 2026, with the goal of boosting competitiveness and reducing costs for crypto businesses operating in Europe.
Continue to read EU Proposes ESMA as Central Crypto Regulator to Match US SEC Model
The European Commission has proposed granting the European Securities and Markets Authority (ESMA) direct oversight over crypto asset service providers across the EU, aiming to unify and streamline regulation similar to the U.S. SEC's approach. This centralization seeks to resolve fragmented oversight, enabling ESMA to authorize cross-border operations, oversee key trading infrastructures, and enhance legal clarity for blockchain technologies. While some member states such as France and Germany support the shift, others express concerns over sovereignty and bureaucracy. The reforms are part of a broader capital markets integration effort planned for phased implementation starting in 2026, with the goal of boosting competitiveness and reducing costs for crypto businesses operating in Europe.
Continue to read EU Proposes ESMA as Central Crypto Regulator to Match US SEC Model
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