Pooled Order Books in the Crosshairs as EU Regulators Look to Tighten MiCA Oversight

The European Securities and Markets Authority (ESMA) is set to enhance its oversight of cryptocurrency regulations within the European Union, which comprises 27 member countries. This move aims to establish greater and more centralized control over crypto markets, particularly focusing on the Markets in Crypto-Assets (MiCA) framework. The proposed changes are significant as they reflect the EU's commitment to regulating the rapidly evolving crypto landscape, ensuring investor protection and market integrity amidst growing concerns about the risks associated with digital assets.