Verena Ross, chair of the European Securities and Markets Authority, said the regulatory focus under the Markets in Crypto-Assets framework will move from drafting rules to supervising how they are carried out as MiCA takes effect. According to the report cited by Techub News, ESMA plans to watch crypto-asset service providers closely in several areas, including operational resilience, outsourcing arrangements and reverse solicitation practices. The agency is also working to improve coordination and harmonize reporting among national regulators across Europe. The comments point to the next phase of MiCA implementation, where supervisory consistency and day-to-day compliance checks become more central than writing new standards.
Verena Ross, chair of the European Securities and Markets Authority (ESMA), said the focus of regulation under the Markets in Crypto-Assets (MiCA) framework will move from rulemaking to supervisory enforcement as the regime is implemented.
ESMA will concentrate on the operational resilience of crypto-asset service providers (CASPs), their outsourcing arrangements, and reverse solicitation practices, Ross said. The authority is also aiming to improve coordination and align reporting among national regulators.
The report was cited by Techub News from Cointelegraph.
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