Eu Moves Toward Centralized Crypto Regulation Under Esma
The European Central Bank (ECB) has endorsed plans to centralize oversight of major crypto companies.
It backs moving supervision of large crypto firms to the bloc’s top markets regulator. This means supervision may shift from national regulators to ESMA for large firms.
The goal is to strengthen cross border financial supervision. The proposal builds on the existing MiCA regulatory framework.
It could limit regulatory arbitrage across EU jurisdictions.


