EU Stumbles on Crypto Regulation: Harmony Under Threat

The European Union’s ambitious plan to unify crypto regulations has hit a major snag. Despite the introduction of MiCA, the EU is facing challenges in fostering uniformity and consistency across member states. Divergent national approaches, institutional complaints about lack of control, and tensions surrounding passporting are hindering progress. ESMA now calls for centralized supervision to address these issues and ensure smoother market integration.