EU Moves to Create Single Crypto Regulator Across All Member States
The European Union is planning major changes to how cryptocurrency companies are regulated across its 27 member countries.
The European Commission wants to give much more power to a single authority called ESMA (European Securities and Markets Authority) instead of having each country handle crypto regulation separately.
This plan would make ESMA work more like America’s Securities and Exchange Commission (SEC), which oversees financial markets from one central location. The proposal was officially published by the European Commission on December 5, 2024 as part of a bigger package to improve EU financial markets.
Why the EU Wants This Change
Right now, crypto companies can get a license in one EU country and use it to operate in all…
