EU to Expand ESMA Powers for Unified Crypto & Financial Market Oversight
The European Union is advancing plans to centralize oversight of cryptocurrency and financial markets under the European Securities and Markets Authority (ESMA). This strategic consolidation aims to replace fragmented national regulators with a unified supervisory body, reducing compliance costs and enhancing market transparency.
ESMA's expanded mandate will include direct supervision of crypto exchanges, trading platforms, and asset service providers across the bloc. The move aligns with longstanding EU objectives to create a single capital market, mirroring the centralized regulatory approach seen in the United States.
Market participants anticipate the reforms will streamline cross-border operations, particularly benefiting institutional players seeking pan-European access. The initiative reflects growing institutional recognition of digital assets as integral components of modern financial infrastructure.
