The EU executive body is pushing to give the European Securities and Markets Authority (ESMA) greater authority to directly regulate all crypto-asset service providers operating within the EU. The draft is planned to be released as early as next month and may change the current model of decentralized management by member state regulators, with ESMA taking unified responsibility for the supervision and licensing of crypto companies.

[Bloomberg]

On November 14 (UTC+8), the European Commission proposed to grant the European Securities and Markets Authority (ESMA) the power to directly supervise and authorize crypto-asset service providers across the EU, and may delegate to national regulatory agencies where appropriate. The current MiCA framework requires companies to "passport" cross-border services after being approved in any member state, and the implementation window will end next year.

The proposal still needs the approval of the European Parliament and the Council of Member States. Previously, regulatory agencies in France, Austria, and Italy called for ESMA to directly regulate large crypto companies; ESMA Chairman Verena Ross said that centralized regulation may be more efficient. ESMA has criticized Malta's regulatory processes.

Last month, it was reported that the EU plans to give ESMA greater power to fully regulate cryptocurrencies and stock markets.

[PANews]

EU plans to centralize crypto asset regulation to a single agency, ESMA

On November 14th, citing Bloomberg, the European Commission plans to grant the European Securities and Markets Authority (ESMA) the power to directly supervise and authorize cryptocurrency servicers across the EU, potentially delegating this authority to national regulators where appropriate.

The current MiCA framework requires companies to "passport" their cross-border services after obtaining approval in any member state, and the implementation window closes next year. This proposal still requires approval from the European Parliament and the Council of Member States.

Previously, regulators in France, Austria, and Italy called for ESMA to directly regulate large cryptocurrency companies; ESMA President Verena Ross stated that centralized regulation might be more efficient. ESMA has previously criticized Malta's regulatory process. Last month, it was reported that the EU planned to grant ESMA greater powers to comprehensively regulate the cryptocurrency and stock markets.

[PANews]

The EU plans to centralize the regulation of crypto assets under a single body, ESMA.

EU Plans to Grant ESMA New Powers to Uniformly Regulate the Crypto Industry

On November 14, Bloomberg reported that the EU executive body plans to grant new powers to the European Securities and Markets Authority (ESMA), making it the direct regulator of all crypto-asset service providers in the region and responsible for authorizing new businesses.

The draft is scheduled to be formally announced next month, a move that could upend years of work by national regulators and businesses in industry regulation. Under the EU's Markets in Crypto-Assets Regulation, crypto companies currently need to be authorized in at least one member state.

[Shenchao TechFlow]

EU plans to centrally regulate cryptocurrency business within the region.

ME News, November 14 (UTC+8), November 14, the European Commission plans to promote the empowerment of the European Securities and Markets Authority ESMA to uniformly regulate and authorize all crypto-asset service providers operating in the EU. The draft shows that ESMA can delegate tasks to national regulatory agencies when necessary.

These draft plans must also be approved by the European Parliament and the Council of Member States. Currently, crypto-asset service providers only need to be approved in any member state to pass through the entire EU according to the 2023 MiCA rules.

[BlockBeats]

The EU plans to promote unified regulation of all crypto businesses in the region by ESMA.

On November 14th, according to Bloomberg, the European Commission is planning to promote giving the European Securities and Markets Authority (ESMA) the authority to uniformly regulate all cryptocurrency service providers operating in the European Union and to be responsible for authorization, the draft shows ESMA may delegate tasks to national regulators when necessary.

These draft plans must also be approved by the European Parliament and the Council of Member States. Currently, cryptocurrency service providers only need approval in any one member state to operate throughout the entire EU under the 2023 MiCA rules.

[BlockBeats News]

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

On November 14, Bloomberg reported that the European Commission plans to promote the European Securities and Markets Authority (ESMA) to uniformly regulate and authorize all crypto-asset service providers operating in the EU. The draft shows that ESMA can delegate tasks to national regulatory agencies when necessary.

These draft plans must also be approved by the European Parliament and the Council of Member States. Currently, crypto-asset service providers only need to be approved in any member state to pass through the entire EU according to the 2023 MiCA rules.

[BlockBeats]

The European Commission plans to promote granting the European Securities and Markets Authority (ESMA) unified regulatory and authorization responsibilities for all crypto-asset service providers operating in the EU. The draft shows that ESMA can delegate tasks to national regulatory agencies when necessary.

These draft plans must also be approved by the European Parliament and the Council of Member States. Currently, crypto-asset service providers only need to be approved in any member state to pass through the entire EU according to the 2023 MiCA rules.

[BlockBeats]

According to Bloomberg, the European Commission plans to promote granting the European Securities and Markets Authority (ESMA) unified regulatory and authorization responsibilities for all crypto-asset service providers operating in the EU. The draft shows that ESMA can delegate tasks to national regulatory agencies when necessary.

These draft plans must also be approved by the European Parliament and the Council of Member States. Currently, crypto-asset service providers only need to be approved in any member state to pass through the entire EU under the 2023 MiCA rules.

[Foresight News]

EU Plans to Promote Unified Regulation of All Crypto Businesses in the Region by ESMA

The European Union’s executive arm is pressing for its markets regulator to get new powers to oversee all crypto businesses operating in the bloc, a move that could upend years of work by national watchdogs and businesses to regulate the industry.

Draft plans circulated by EU officials ahead of an announcement next month propose the European Securities and Markets Authority as the direct supervisor for all cryptoasset service providers. It would also become responsible for authorizing new businesses.

EU Pushes to Centralize Oversight of Region’s Crypto Businesses


欧盟执行机构正推动赋予欧洲证券与市场管理局（ESMA）更大权限，直接监管在欧盟境内运营的所有加密资产服务商。该草案计划最快于下月公布，或将改变当前由各成员国监管机构分散管理的模式，并由 ESMA 统一负责加密企业的监督与许可发放工作。

[彭博社]

欧盟拟赋予 ESMA 统一监管加密行业的新权力


歐盟執行機構正推動賦予歐洲證券與市場管理局（ESMA）更大許可權，直接監管在歐盟境內運營的所有加密資產服務商。該草案計劃最快於下月公佈，或將改變當前由各成員國監管機構分散管理的模式，並由 ESMA 統一負責加密企業的監督與許可發放工作。

[彭博社]