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

MetaEraNov 14, 2025
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]

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

MetaEraNov 14, 2025
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]

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