‘European SEC’ proposal sparks licensing concerns, institutional ambitions
NegativeCryptocurrency
- Legal experts have raised concerns regarding the proposal to transform the European Securities and Markets Authority (ESMA) into the 'European SEC,' suggesting it may complicate the licensing process for cryptocurrency and fintech firms in the region.
- This development is significant as it could impact the operational landscape for crypto companies, potentially stifling innovation and institutional participation in the European market due to increased regulatory hurdles.
- The proposal reflects ongoing tensions in the regulatory environment, where the balance between enhancing oversight and fostering a supportive ecosystem for digital assets remains a contentious issue, especially in light of the European Commission's recent moves to expand ESMA's authority.
— via World Pulse Now AI Editorial System