ECB backs plan to shift EU crypto firm oversight from national regulators to ESMA

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- ECB endorsed centralizing supervision of systemically important crypto firms and major trading venues under ESMA, replacing the current fragmented system of 27 national regulators - The move targets regulatory arbitrage — large platforms currently authorize in softer jurisdictions like Luxembourg, Malta, and Ireland, which oppose the plan over fears of losing supervisory power - Part of the EU's Capital Markets Union agenda; ECB warned ESMA needs adequate staffing and funding to handle the expanded mandate. Negotiations expected to take several months before finalization by EU governments and Parliament

TLDR by @Benthic

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Lagarde says she will step down as ECB president on 7 February 2027

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ECB's Isabel Schnabel calls for central bank money to move onchain, warning tokenized markets could rely on private or foreign currencies

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ECB backs plan to shift EU crypto firm oversight from national regulators to ESMA

More coverage

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More on ECB

ECB selects Nexi and Deutsche Telekom as network providers for digital euro connectivity

Lagarde says she will step down as ECB president on 7 February 2027

Stuttgart Stock Exchange receives ESMA and ECB license for blockchain trading and settlement of tokenized securities

ECB's Isabel Schnabel calls for central bank money to move onchain, warning tokenized markets could rely on private or foreign currencies

Aave founder Stani Kulechov slams ECB and EBA over MiCA push to ban stablecoin yields and restrict DeFi access

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ECB selects Nexi and Deutsche Telekom as network providers for digital euro connectivity

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Stuttgart Stock Exchange receives ESMA and ECB license for blockchain trading and settlement of tokenized securities

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Total stats

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More on ECB

ECB selects Nexi and Deutsche Telekom as network providers for digital euro connectivity

Lagarde says she will step down as ECB president on 7 February 2027

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ECB's Isabel Schnabel calls for central bank money to move onchain, warning tokenized markets could rely on private or foreign currencies

Aave founder Stani Kulechov slams ECB and EBA over MiCA push to ban stablecoin yields and restrict DeFi access

ECB publishes “Central banks on-chain” mapping tokenized central bank money, deposits, securities and stablecoins

ECB selects Nexi and Deutsche Telekom as network providers for digital euro connectivity

Lagarde says she will step down as ECB president on 7 February 2027

Stuttgart Stock Exchange receives ESMA and ECB license for blockchain trading and settlement of tokenized securities

ECB's Isabel Schnabel calls for central bank money to move onchain, warning tokenized markets could rely on private or foreign currencies

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ECB publishes “Central banks on-chain” mapping tokenized central bank money, deposits, securities and stablecoins