EU to Shift Crypto Supervision Under ESMA: A New Regulatory Landscape Emerges

The European Union is proposing a major overhaul of crypto regulations, with the goal of bringing oversight under the control of ESMA (the European Securities and Markets Authority). This proposal represents a significant shift in the regulatory approach for crypto firms, moving away from fragmented national controls towards a centralized model. The move is fueled by concerns about uneven regulation across various EU member states and a desire to strengthen market integrity.