The EU plans to promote unified regulation of all crypto businesses in the region by ESMA

ChainCatcher news, according to Bloomberg, the European Commission intends to promote granting the European Securities and Markets Authority (ESMA) unified regulatory and authorization powers over all crypto asset service providers operating within the EU. The draft shows that ESMA may delegate tasks to national regulatory authorities when necessary. These draft plans must still be approved by the European Parliament and the Council of Member States. Currently, under the 2023 MiCA rules, crypto asset service providers only need to be approved in any one member state to operate throughout the EU.