The EU plans to tighten MiCA regulations and may ban the sharing of order books with non-EU exchanges.

Jinse Finance reported that the European Securities and Markets Authority (ESMA) is preparing to strengthen and centralize the supervision of the EU crypto asset market, further unifying the implementation of MiCA (Markets in Crypto-Assets Regulation). Regulatory agencies from multiple countries, including the French Financial Markets Authority (AMF), have called for clear provisions within the MiCA framework requiring that trading and execution activities (including local order books) must be located within the EU and subject to local supervision. This move by ESMA may mean prohibiting EU crypto platforms from sharing order books with non-EU and non-MiCA regulated exchanges, in order to ensure regulatory consistency.