The EU plans to promote unified supervision by ESMA of all crypto businesses within the region

BlockBeats News, November 14th, according to Bloomberg, the European Commission is planning to promote giving the European Securities and Markets Authority (ESMA) the authority to uniformly regulate all cryptocurrency service providers operating in the European Union and to be responsible for authorization, the draft shows ESMA may delegate tasks to national regulators when necessary.

These draft plans must also be approved by the European Parliament and the Council of Member States. Currently, cryptocurrency service providers only need approval in any one member state to operate throughout the entire EU under the 2023 MiCA rules.