ESMA preps for blockchain pilot – Investment Executive
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The European Commission is pushing a new plan around ESMA for crypto as part of a broader effort to streamline financial supervision across the European Union. Commission proposal to centralize crypto supervision The European Commission, executive arm of the European Union (EU), has proposed ending national supervision of crypto companies and…
Key Highlights Malta, known as the ‘Blockchain Island,’ is pushing back against the EU’s plan to centralize crypto oversight under ESMA. The proposal could shift control of major licensed exchanges away from Malta’s regulator. The clash is intensifying ahead of a key EU decision expected later this year. The EU’s…
The European Union and the Bank of Italy have assembled a supervisory domain in a bid to merge distributed ledger technology (DLT) into the mainstream economy, said Ignazio Visco, the Italian central bank governor. Visco said this at the 29th Assiom Forex Congress, emphasizing the benefits offered by DLT, such…