@fablen
EU plans to hand over crypto oversight from national regulators → ESMA 🇪🇺. The goal: unify rules under MiCA, cut duplicated infrastructure, and make the financial system more efficient + competitive.
Some countries like Luxembourg, Malta & Ireland worry that centralization could weaken their crypto hubs 😬. Balancing efficiency with local influence is gonna be tricky.
This move could reshape the EU crypto landscape, affect exchanges, custodians, and clearinghouses, and set a precedent for how other regions regulate digital assets ⚖️💻.
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