ESMA Chair Says MiCA Focus Has Shifted From Rulemaking to Supervision
(4 days ago) · 1 source · Summarized by CryptoBipto
The chair of the European Securities and Markets Authority (ESMA) has stated that the EU's Markets in Crypto-Assets (MiCA) regulation has moved past its rulemaking phase and into active supervision. This signals that European regulators are now focused on enforcing the rules that have been established rather than creating new ones.
WHY IT MATTERS
Think of MiCA like a new building code for crypto companies operating in Europe. First, regulators had to write the rules — deciding what is safe and what is not. Now, they are sending out inspectors to make sure companies are actually following those rules. ESMA is the main European financial watchdog that coordinates this effort. For anyone new to crypto, this matters because it means the EU's crypto market is entering a phase where regulation is not just on paper but is being actively enforced, which could affect how crypto services operate and what protections are available to users in Europe.
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- cointelegraph.com
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