MiCA currently lets companies gain cross-border access via a single national licence. National regulators and firms fear a loss of control and added bureaucracy. France, Austria and Italy have backed ESMA’s expanded role for large firms. The European Commission is preparing to give the European Securities and Markets Authority sweeping powers over the crypto sector. If approved, ESMA would become the sole body responsible for supervising all crypto asset service providers in the European Union, reported Bloomberg. The proposal marks […]
