Europe Aims to Fix Fragmented Crypto Oversight

[johnblockbuster]

The EU is considering a major redesign of its market system by expanding ESMA’s authority, responding to criticism that inconsistent national rules are holding back the region’s competitiveness. The proposal would tighten MiCA enforcement, strengthen cybersecurity requirements, and apply tougher rules to crypto firms operating outside the EU.

The idea follows ECB President Christine Lagarde’s 2023 call for a “European SEC.” Supporters say it could protect the market and close regulatory gaps, while skeptics warn it might slow down approvals and innovation. The goal: make Europe’s capital markets stronger and more unified.

[Nahid Hossen]

Europe wants to unify crypto rules to reduce confusion across member states.

[Rimon Khan]

A centralized framework could boost investor confidence and compliance.