EU Moves to Centralize Regulation of Crypto and Stocks

The European Union is taking a step towards creating a more unified financial environment by consolidating its oversight over cryptocurrency and stock markets. The European Commission proposes expanding the authority of the European Securities and Markets Authority (ESMA), aiming to streamline regulations across member states. This initiative seeks to address fragmentation issues and pave the way for a cohesive regulatory framework in crypto markets, striking a balance between innovation and enhanced supervision. ]