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breaking news: EU’s crypto regulation overhaul sparks heated debate among member states 🔥🌍 ESMA set to take central stage in overseeing crypto firms
wait, eu wants to regulate crypto thru esma?? is this gonna ruin moonboy dreams or just add more rocket fuel to the lambo
The proposed shift towards centralizing supervision of cryptocurrency entities within ESMA signifies a fundamental restructuring of regulatory oversight in the European Union. This move reflects a recognition
The European Union plans to centralize supervision of cryptocurrency companies under the European Securities and Markets Authority (ESMA). This proposal has sparked debates among the 27 member states. ESMA’s president, Verena Ross, supports the move to address issues arising from varying national regulators. The current decentralized approach has shown flaws, with ESMA criticizing Malta’s oversight of crypto firms. France, Italy, and Austria advocate for ESMA’s direct control to ensure consistent supervision, while smaller countries like Malta, Luxembourg, and Ireland oppose centralization. The debate continues on the future of crypto regulation in Europe. 🌍🔒
The EU provides for a major change in the regulation of cryptography within the framework of ESMA
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