European Securities and Markets Authority to take on oversight of crypto and stock exchanges from national watchdogs
The European Commission is planning to move regulation of cryptocurrency firms, stock exchanges and clearing houses from national watchdogs to the European Securities and Markets Authority (ESMA), according to Finextra.
ESMA chair Verena Ross told the Financial Times that the move is designed to build “a capital market in Europe that is more integrated and globally competitive,” and address “continued fragmentation in markets”.
For crypto the switch would align with Europe’s Markets in Crypto-Assets (MiCA) framework which currently sees national authorities issue licenses.
The push to centralise powers at ESMA has drawn pushback from some smaller countries with big FS sectors, including Malta, Ireland and Luxembourg.
Dariusz Mazurkiewicz – CEO at BLIK Polish Payment Standard
Banking 4.0 – „how was the experience for you”
„To be honest I think that Sinaia, your conference, is much better then Davos.”
Many more interesting quotes in the video below:
