While the European Union (EU) authorities are pushing to shift oversight of key financial markets, including crypto, to a centralized supervisory authority, some industry players have shared multiple concerns about the proposal.

EU’s Plan For Crypto Oversight Shift Raises Concerns

On Friday, Bloomberg affirmed that the European Commission (EC) is pressing to advance its proposal to transfer regulatory supervision of the crypto businesses from national authorities to the bloc’s market watchdog, the European Securities and Markets Authority (ESMA).

As reported by Bitcoinist, ESMA’s Chair, Verena Ross, stated last month that the EU’s executive arm was preparing rules to give new powers to the regional watchdog to push for a “more integrated and globally competitive” capital market in E

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