EU Centralizes Crypto Regulation: A Unified Approach for the Market

In a move that could significantly reshape the crypto landscape, the European Securities and Markets Authority (ESMA) is planning to establish a central regulatory body. This initiative aims to create a more unified approach to overseeing the rapidly evolving cryptocurrency market across its 27 member states. The EU’s goal is to ensure consistent regulation for digital assets, addressing existing inconsistencies and gaps in national approaches.