MiCA focus shifts from rulemaking to supervision, ESMA chair says
ESMA will focus on CASP resilience, outsourcing and reverse solicitation while pursuing harmonized reporting across national regulators.
ESMA will focus on CASP resilience, outsourcing and reverse solicitation while pursuing harmonized reporting across national regulators.
The European Securities and Markets Authority (ESMA) will focus its coordination of national crypto supervision in 2027 on operational resilience, outsourcing and firms maintaining sufficient operations inside the bloc as implementation deepens under the Markets in Crypto-Assets Regulation (MiCA).
ESMA Chair Verena Ross said Monday that the regulator’s focus under MiCA had shifted “from rulemaking towards supervision and convergence.”
ESMA set out the priorities in its 2027 work program, published Monday. The regulator plans to strengthen coordination among national regulators supervising crypto asset service providers (CASPs), with operational resilience, outsourcing risks, liquidity, reverse solicitation and asset classification among its areas of focus.