Legal experts are concerned that transforming ESMA into the “European SEC” may hinder the licensing of crypto and fintech in the region. The European Commission’s proposal to expand the powers of the European Securities and Markets Authority (ESMA) is raising concerns about the centralization of the bloc’s licensing regime, despite signaling deeper institutional ambitions for its capital markets structure.On Thursday, the Commission published a package proposing to “direct supervisory competences” for key pieces of market infrastructure, including crypto-asset service providers (CASPs), trading venues and central counterparties to ESMA, Cointelegraph reported.Concerningly, the ESMA’s jurisdiction would extend to both the supervision and licensing of all European crypto and financial technology (fintech) firms, potentially leading to slower licensing regimes and hindering startup development, according to Faustine Fleuret, head of public affairs at decentralized lending protocol Morpho.Read more Legal experts are concerned that transforming ESMA into the “European SEC” may hinder the licensing of crypto and fintech in the region. The European Commission’s proposal to expand the powers of the European Securities and Markets Authority (ESMA) is raising concerns about the centralization of the bloc’s licensing regime, despite signaling deeper institutional ambitions for its capital markets structure.On Thursday, the Commission published a package proposing to “direct supervisory competences” for key pieces of market infrastructure, including crypto-asset service providers (CASPs), trading venues and central counterparties to ESMA, Cointelegraph reported.Concerningly, the ESMA’s jurisdiction would extend to both the supervision and licensing of all European crypto and financial technology (fintech) firms, potentially leading to slower licensing regimes and hindering startup development, according to Faustine Fleuret, head of public affairs at decentralized lending protocol Morpho.Read more
‘European SEC’ proposal sparks licensing concerns, institutional ambitions
Legal experts are concerned that transforming ESMA into the “European SEC” may hinder the licensing of crypto and fintech in the region.
The European Commission’s proposal to expand the powers of the European Securities and Markets Authority (ESMA) is raising concerns about the centralization of the bloc’s licensing regime, despite signaling deeper institutional ambitions for its capital markets structure.
On Thursday, the Commission published a package proposing to “direct supervisory competences” for key pieces of market infrastructure, including crypto-asset service providers (CASPs), trading venues and central counterparties to ESMA, Cointelegraph reported.
Concerningly, the ESMA’s jurisdiction would extend to both the supervision and licensing of all European crypto and financial technology (fintech) firms, potentially leading to slower licensing regimes and hindering startup development, according to Faustine Fleuret, head of public affairs at decentralized lending protocol Morpho.
Read more
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Zcash (ZEC) Rockets Up 14%: Is Crucial Resistance Lurking Ahead?
The bearish wind across the crypto assets has resulted in a loss of momentum, and the prices have been in the red zone. The broader market sentiment still lingers in fear, with the value holding at 25. All the major assets have difficulty surviving in the bear’s grip, including BTC
Share
Thenewscrypto2025/12/09 14:42
Ethereum Exit Queue Crosses 2.6 Million ETH With 44-Day Wait Time, Is A $12 Billion Sell-Off Coming?
Ethereum is facing its largest validator exit in history as more than 2.6 million ETH, worth over $12 billion, have entered the withdrawal queue. According to on-chain data from ValidatorQueue.com, the exit backlog has surged to unexpected levels, and the investors making the withdrawals are now facing a wait time of more than 44 days […]
Share
Bitcoinist2025/09/19 08:00
U.S. Deploys Scorpion Strike Force Drones – But Do They Have Warheads?
The post U.S. Deploys Scorpion Strike Force Drones – But Do They Have Warheads? appeared on BitcoinEthereumNews.com. LUCAS one way attack drone (with inert warhead) at Yuma Proving Ground U.S. Army Last week United Stated Central Command (CENTCOM) announced Task Force Scorpion Strike (TFSS), and that a squadron had already been formed, “the U.S. military’s first one-way-attack drone squadron,” based in the Middle East. The release includes images of the unit’s Low-cost Unmanned Combat Attack System (LUCAS) drones, reverse-engineered from Shaheds used by Iran and Russia. The announcement comes just four months after Pete Hegseth ordered an acceleration of the acquisition and fielding of affordable drone technology. The location in Iran’s back yard is hardly coincidental. Previously the U.S. could only launch small numbers of expensive legacy missiles. Now Scorpion Strike can unleash the sort of massive drone barrages that Russia regularly launches and “flip the script on Iran” as one U.S. official puts it. Or can it? Other information suggests LUCAS is far from ready for action. *Warhead Not Included? The U.S. Army also issued a press release last week, describing the testing of LUCAS at the Yuma Proving Ground (YPG). The image with the release shows a craft which looks identical to those displayed by CENTCOM. Scorpion Strike’s LUCAS drones CENTCOM YPG includes over 2,000 miles of restricted airspace in the desert, making it the ideal place to test long range systems. But there is no testing with live weapons yet. “We’re getting our baby steps in before we conduct safety certification testing,” states Col. Nicholas Law, Director of Experimentation in the Office of the Under Secretary of War for Research & Engineering, in the release. But it seems the warheads for the drones have not been made. “The warhead that will eventually be integrated into LUCAS isn’t constructed yet, but it will also be low-cost and mass produced by multiple manufacturers. Evaluators are currently…
Share
BitcoinEthereumNews2025/12/09 19:03