European Central Bank Supports ESMA Oversight Role Under MiCA
The source indicates backing for the European Securities and Markets Authority (European Union markets regulator) in crypto supervision tied to MiCA (European Union crypto rules).
Summary
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Terms & Concepts
MiCA: Markets in Crypto-Assets, the European Union’s regulatory framework for crypto-asset issuance and services.
ESMA: European Securities and Markets Authority, the European Union regulator that helps coordinate securities market supervision across member states.
Crypto supervision: Regulatory oversight of crypto-asset firms and activities to monitor compliance, market conduct, and investor protection.