🚨🇪🇺 ONE EU LICENSE. CUSTOMERS ACROSS 27 COUNTRIES. WHO WATCHES THE BIGGEST CRYPTO FIRMS?
Europe wants a new answer: ESMA.
According to the reported Council agreement, the EU’s largest crypto service providers could move from national supervision to direct oversight by the European Securities and Markets Authority.
Here’s what matters 👇
🏦 Only the biggest players
Around 10–15 of roughly 360 providers could qualify. Most would remain under national regulators.
📊 Size determines scrutiny
The proposed framework includes a threshold of 15 million active EU users, or meeting three of five significance criteria involving customers, custody assets, transaction volumes and financial connections.
🔍 Stronger enforcement
ESMA could inspect firms, investigate breaches, impose fines and potentially restrict services or withdraw authorization.
🛂 Why change MiCA supervision?
One national license lets a provider operate across the EU. But its customers and risks can extend far beyond the country supervising it.
⏳ Not law yet
This is the Council’s negotiating position. Talks with the European Parliament still lie ahead, with a proposed two-year transition.
💡 Potential crypto impact
More consistent oversight could strengthen confidence in major platforms—but also increase compliance costs. This is a structural development, not an automatic price catalyst.
🔥 Would one central watchdog make EU crypto safer—or add more bureaucracy?
#CryptoRegulation
$SUI
$XRP
$SEI
Europe wants a new answer: ESMA.
According to the reported Council agreement, the EU’s largest crypto service providers could move from national supervision to direct oversight by the European Securities and Markets Authority.
Here’s what matters 👇
🏦 Only the biggest players
Around 10–15 of roughly 360 providers could qualify. Most would remain under national regulators.
📊 Size determines scrutiny
The proposed framework includes a threshold of 15 million active EU users, or meeting three of five significance criteria involving customers, custody assets, transaction volumes and financial connections.
🔍 Stronger enforcement
ESMA could inspect firms, investigate breaches, impose fines and potentially restrict services or withdraw authorization.
🛂 Why change MiCA supervision?
One national license lets a provider operate across the EU. But its customers and risks can extend far beyond the country supervising it.
⏳ Not law yet
This is the Council’s negotiating position. Talks with the European Parliament still lie ahead, with a proposed two-year transition.
💡 Potential crypto impact
More consistent oversight could strengthen confidence in major platforms—but also increase compliance costs. This is a structural development, not an automatic price catalyst.
🔥 Would one central watchdog make EU crypto safer—or add more bureaucracy?
#CryptoRegulation
$SUI
$XRP
$SEI