EU Considers Centralizing Crypto Oversight Under ESMA as MiCA Enforcement Advances

The European Union is moving from rulemaking to active enforcement under its Markets in Crypto-Assets regulation. Brussels is evaluating a proposal to shift crypto supervision from 27 national authorities to the European Securities and Markets Authority to address cross-border inconsistencies. Revolut, Blockchain.com, and Relai secured MiCA licenses in the past week, enabling EEA-wide service provision.