The European Securities and Markets Authority (ESMA) has launched a supervisory review of MiCA-authorized crypto custodians, moving its focus from licensing to testing how firms handle operational risks in practice.
Summary
- ESMA has launched a review of MiCA-authorized crypto custodians’ operational resilience.
- Regulators will examine custody controls, key management, incident response and third-party risks.
- The review comes as the EU prepares to revisit parts of MiCA following the U.S. GENIUS Act.
According to the European Securities and Markets Authority, the regulator has started a Common Supervisory Action (CSA) covering a sample of authorized crypto-asset…
