What does the EU plan to do about crypto market oversight?
The European Union is taking a bold step forward by centralizing oversight of financial and cryptocurrency markets under the European Securities and Markets Authority (ESMA). Sounds like the EU finally wants to take control of this fragmented market by enhancing investor protection and market integrity. By implementing a single licensing regime for crypto-asset service providers (CASPs), the EU aims to create a uniform regulatory environment that would help crypto-friendly small and medium-sized enterprises (SMEs) operate across borders.
What are the implications for SMEs in the crypto space?
This new centralized oversight could mean both advantages and disadvantages for crypto-friendly SMEs. On the positive side, it could offer better…
