The European Securities and Markets Authority (ESMA) is preparing to assume direct supervision powers over cryptocurrency exchanges and settlement platforms across the European Union. The move is part of the bloc’s broader effort to rectify fragmented regulatory supervision of cross-border crypto service providers under the Markets in Crypto‑Assets Regulation (MiCA) framework. ESMA Chair Verena Ross described the reform as key to achieving a “more integrated and globally competitive” European capital market. Some EU member states, however, remain cautious — pointing out that centralising oversight may erode national regulatory autonomy and competitiveness.
ESMA Granted Direct Supervision Powers Over Crypto Exchanges
