Brussels plans single supervisor for Europe’s crypto industry

The European Commission is preparing a major regulatory shift to centralize oversight of crypto businesses across the bloc. Under the draft plan, the European Securities and Markets Authority (ESMA) would become the main supervisor for all crypto asset service providers operating under the EU’s MiCA framework.

Source Bloomberg

Currently, firms must register in at least one member state to operate within the EU. The proposed reform would replace this fragmented approach with a single regulatory authority, ensuring consistent compliance and enforcement standards.

Officials say the move aims to strengthen transparency and consumer protection, but critics warn it could increase bureaucracy and reduce innovation among smaller firms. The final announcement is expected next month, marking one of the most significant steps yet toward unified crypto regulation in Europe.