EU Eyes Stronger Crypto Oversight Under ESMA 🇪🇺
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The European Commission is considering expanding the powers of the European Securities and Markets Authority (ESMA) to directly supervise crypto and capital markets, similar to the U.S. SEC model.
A draft proposal is expected in December, aiming to centralize regulation across the EU.
Currently, under MiCA, crypto firms licensed in one EU country can operate across all 27 member states — a system that could change und