“The European Commission wants to get rid of fragmentation from differing supervisory approaches in member states.”, — write: www.coindesk.com
The commission wants to address the discrepancies that result from differing supervisory approaches among the 27 member states and transfer oversight to the European Securities and Markets Authority (ESMA), it said in a Thursday statement
The proposals need to be negotiated with and approved by the European Parliament and the European Council.
The move follows reports of concerns that despite the aim of achieving a unified crypto regulatory environment under the Markets in Crypto-Asset (MiCA) regulation, individual countries were diverging too much for ESMA’s liking. Uniting oversight of crypto and other financial services under one body will be more effective, he said.
“EU financial markets remain significantly fragmented, small and lack competitiveness, missing out on potential economies of scale and efficiency gains,” the commission said.
Regulators in individual countries, such as France’s AMF, Austria’s FMA and Italy’s Consob, raised concerns and asked ESMA to take tighter control of MiCA in September.
ESMA is the EU’s closest equivalent to the Securities and Exchange Commission (SEC) in the US. However, ESMA’s role is more one of coordination rather than the direct supervision wielded by the SEC. The move to integrate financial markets and transfer “direct supervisory competences” might be seen as a step towards making the regulator closer to an EU SEC equivalent.
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- GoPlus Intelligence’s Token Security API averaged 717 million monthly calls year-to-date in 2025, with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
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Christopher Harborne has invested in stablecoin issuer Tether and crypto exchange Bitfinex, according to reports.
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