EU to Give ESMA Regulatory Control of Crypto Exchanges
The European Commission is planning to hand greater supervisory authority to the European Securities and Markets Authority (ESMA) in a bid to streamline financial regulation and strengthen the EU’s capital markets union. The move would grant ESMA direct oversight of major cross-border trading platforms, including clearing houses, crypto exchanges, and stock markets. Currently, these entities fall under the supervision of national regulators through frameworks such as the Markets in Crypto-Assets (MiCA) legislation. Supporters of the plan argue that a single European regulator could eliminate inefficiencies created by the current patchwork of national regimes. European Central Bank (ECB) current and former…





