EU Weighs Centralizing Crypto Oversight Under ESMA

[kevin1]

European policymakers are debating whether enforcement of the MiCA crypto framework should remain with national regulators or shift to the European Securities and Markets Authority (ESMA).

MiCA, which took effect in early 2025, was meant to unify crypto rules across the EU, but uneven implementation is raising concerns about inconsistent supervision.

[Abdul Khan]

Centralized oversight could improve regulatory consistency.

[Nahid Hossen]

It may also simplify compliance for cross-border crypto firms.