ESMA calls for expanded powers to enforce EU crypto regulations
ESMA has asked for more powers to enforce EU crypto rules, and it has also proposed a MiCA category for firms that give customers access to DeFi protocols. The second proposal focuses on the access points into DeFi rather than the underlying code.
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Crypto firms operating in the EU are the main group that would notice this first, because ESMA is seeking stronger enforcement powers and a new regulated service for businesses that route customers into DeFi protocols. That means firms handling DeFi access could face a clearer supervisory perimeter tomorrow morning if the proposal moves forward.
It is still not clear how far ESMA’s requested enforcement powers would go or how the new DeFi access category would be defined in law. The open question is what final MiCA language would be adopted and how supervisors would apply it once the rulemaking is finished.
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Has this happened before?
| When | What happened | Figure |
|---|---|---|
| 18 days ago | Greece gets first MiCA entrants as watchdog denies Binance-Lagarde claim event | 1 actors in common · 5 news media |
| 19 days ago | ESMA Sets 2027 MiCA Supervision Priorities for Crypto Firms event | 1 actors in common · 9 news media |
| 23 days ago | EU banking watchdog calls for crypto lending rules under MiCA event | 1 actors in common · 4 news media |
| 24 days ago | Tether Rejected This MiCA Rule. Now the ECB Wants It Gone event | 1 actors in common · 2 news media |