EU plan boosts ESMA powers over crypto and capital markets
PositiveCryptocurrency
- The European Commission has announced plans to enhance the powers of the European Securities and Markets Authority (ESMA) over cryptocurrency companies and trading venues under the Markets in Crypto-Assets (MiCA) framework. This initiative aims to streamline EU markets and align them more closely with the regulatory environment in the United States.
- By expanding ESMA's oversight, the European Commission seeks to foster greater trust and stability in the cryptocurrency sector, which is crucial for attracting investment and ensuring compliance among market participants.
- This development reflects a broader trend of regulatory evolution in the cryptocurrency space, as jurisdictions like the US and UK are also reassessing their approaches to crypto regulations. The divergence in regulatory frameworks may lead to varying impacts on global liquidity and market dynamics, highlighting the need for cohesive international standards.
— via World Pulse Now AI Editorial System
