The European Securities and Markets Authority has published its 2027 work plan, laying out a coordinated supervisory approach for crypto-asset service providers, or CASPs, across EU member states. According to Cointelegraph, ESMA said its oversight will focus on operational resilience, outsourcing risk, liquidity, reverse solicitation, and asset classification.
ESMA Chair Verena Ross said the Markets in Crypto-Assets framework, known as MiCA, is moving from rulemaking into supervision and convergence. As part of that shift, the regulator plans to standardize the periodic reports CASPs submit to national authorities and develop common risk indicators and supervisory dashboards.
ESMA is also advancing MIDAS, a centralized crypto market monitoring system designed to detect potential market abuse under MiCA. The first phase is expected to be fully operational in 2027. Subject to board approval, ESMA plans to add analytical functions and broaden the types of data available to MIDAS in the fourth quarter, while feeding supervisory experience into the European Commission’s MiCA review, which is expected to be completed by June 2027.
According to Cointelegraph, the European Securities and Markets Authority (ESMA) has published its 2027 work plan, saying it will coordinate supervision of crypto-asset service providers (CASPs) across member states. The main areas of focus are operational resilience, outsourcing risk, liquidity, reverse solicitation, and asset classification.
MiCA focus shifts from rulemaking to supervision
ESMA Chair Verena Ross said work under the Markets in Crypto-Assets framework (MiCA) has moved from rulemaking to supervision and convergence.
ESMA plans to standardize the periodic reports that CASPs submit to national regulators and to promote common risk indicators and supervisory dashboards.
MIDAS first phase expected to be fully operational in 2027
ESMA is also pushing ahead with MIDAS, a centralized crypto market monitoring system intended to track potential market abuse under the MiCA framework. The first phase of the system is expected to be fully operational in 2027.
After receiving board approval, ESMA plans to add analytical functions to MIDAS and expand the types of data available in the fourth quarter. The agency also said supervisory experience will be incorporated into the European Commission's MiCA review, which is expected to be completed by June 2027.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
