unified supervision
The European Union aims to implement a unified supervisory framework for all cryptocurrency businesses operating within its jurisdiction, overseen by the European Securities and Markets Authority (ESMA). This initiative seeks to enhance regulatory consistency across member states, ensuring that all crypto enterprises adhere to the same standards. By centralizing supervision under ESMA, the EU intends to streamline oversight and improve the overall security of the cryptocurrency market. The move reflects a growing recognition of the need for comprehensive regulation in the rapidly evolving digital asset landscape.
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