MiCA focus shifts from rulemaking to supervision, ESMA chair says
60-second summary
ESMA shifts its MiCA agenda from drafting rules to supervising compliance, prioritizing crypto‑asset service provider resilience, robust outsourcing controls, and reverse‑solicitation safeguards. The agency also pushes for harmonized reporting standards among national regulators to ensure consistent oversight. This supervisory focus aims to strengthen market integrity, reduce fragmentation, and boost investor confidence across the EU crypto sector.
ESMA will focus on CASP resilience, outsourcing and reverse solicitation while pursuing harmonized reporting across national regulators.