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The EU plans to promote unified supervision by ESMA of all crypto businesses within the region

2 hours ago

On November 14th, as per Bloomberg, the European Commission is set to advocate for granting the European Securities and Markets Authority (ESMA) the power to uniformly regulate all cryptocurrency service providers operating within the European Union and be accountable for authorization. The draft indicates that ESMA may delegate tasks to national regulators when needed. These draft plans also have to be endorsed by the European Parliament and the Council of Member States. Presently, cryptocurrency service providers only require approval in one member state to operate across the entire EU in accordance with the 2023 MiCA rules.
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