ESMA pivots MiCA focus toward crypto supervision
CIE News ·
The European Securities and Markets Authority is shifting from drafting MiCA rules to enforcing supervision, according to reports by Cointelegraph.
The European Securities and Markets Authority is pivoting its primary focus under the Markets in Crypto-Assets framework from rulemaking to direct supervision, according to Cointelegraph on September 28. ESMA's leadership indicated that future priorities include bolstering the resilience of crypto-asset service providers while monitoring outsourcing and reverse solicitation. Additionally, the regulator aims to establish harmonized reporting standards across national authorities to coordinate oversight across the European Union.