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The foreign ministers of France, Austria, and Italy urge the EU to strengthen coordination on encryption currency regulation.
According to HashChain News, financial regulators in France, Austria, and Italy urge the EU to launch MiCA by the end of 2024, requiring Crypto Assets companies to be licensed in at least one member state. Regulators from Germany, France, and Italy have stated that there are currently regulatory discrepancies, allowing some enterprises to exploit loopholes. The three countries suggest transferring regulatory authority to ESMA, which has indicated that it is working to ensure consistent regulation and is considering strengthening EU-level oversight. Additionally, the three countries may take preventive measures to mitigate risks, calling for enhanced regulation of global platforms, cybersecurity, and token issuance.
#Cryptocurrency EU #MiCA Regulation #ESMA