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 the EU's financial markets and reduce regulatory discrepancies with the United States.
- Strengthening ESMA's oversight is crucial for fostering a more robust regulatory environment for crypto assets in Europe, which is expected to enhance investor confidence and promote market integrity amid growing global interest in cryptocurrencies.
- This development reflects a broader trend of regulatory evolution in the cryptocurrency space, as various jurisdictions, including the US and UK, reassess their approaches to crypto regulations. The divergence in regulatory frameworks highlights the ongoing challenges and opportunities within the global crypto market, particularly as entities like KuCoin secure MiCA licenses and platforms like Polymarket gain approval to operate in the US.
— via World Pulse Now AI Editorial System
