ESMA shifts MiCA focus towards crypto supervision

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ESMA will focus more heavily on supervising crypto firms under MiCA in 2027, Chair Verena Ross said.

The regulator plans to strengthen coordination between national authorities, with operational resilience, outsourcing, liquidity and firms’ EU operations among its priorities.

ESMA also plans to standardise reporting by crypto-asset service providers and expand MIDAS, its system for monitoring potential market abuse under MiCA.