EU Aims for Unified Crypto & Traditional Markets with ESMA Transformation

The European Union is moving towards a centralized regulatory approach for finance, aiming to unify the oversight of stock and cryptocurrency exchanges under the authority of the European Securities and Markets Authority (ESMA). This proposal seeks to address fragmented regulations in financial markets, potentially boosting startup fundraising, and closing loopholes in cross-border licensing within the Markets in Crypto-Assets Regulation (MiCA). The initiative is expected to receive a draft later this year. )