ECB Supports ESMA-Led Crypto Supervision in EU, Tighter MiCA Enforcement Expected
The European Central Bank (ECB) has endorsed a proposal to transfer supervision of crypto-asset service providers to the European Securities and Markets Authority (ESMA), consolidating 27 national regimes into a single EU-wide framework. This move, part of the European Commission’s 2025 capital markets package, faces resistance from member states that benefit from the current national licensing model. The ECB is also requesting expanded oversight powers and data access for crypto firms.
Topics: cryptocurrency ECB ESMA EU policy MiCA regulation