The European Commission is advancing proposals to shift direct supervisory authority over crypto exchanges, inventory exchanges, and clearing homes to the European Securities and Markets Authority (ESMA), in accordance to the Financial Times. The transfer goals to get rid of regulatory fragmentation throughout the EU’s 27 member states and strengthen the bloc’s capital markets union….
The European Commission is getting ready sweeping adjustments that might hand over direct supervisory authority of inventory exchanges, cryptocurrency corporations, and clearing homes to the EU’s markets watchdog, the European Securities and Markets Authority (ESMA). Key Takeaways: The European Commission plans to shift oversight of inventory exchanges, crypto corporations, and clearing homes to ESMA. ESMA…
World Federation of Exchanges (WFE), a group of stock exchanges, has called global regulators, including the US SEC and the European ESMA, to tighten their oversight on ‘tokenized stocks.’ Per Reuters, the WFE sent a letter to securities watchdogs, raising concerns about the blockchain-based stocks. The letter, sent last Friday, warned that these products “mimic”…