📌 How will ESMA supervise crypto firms under MiCA in 2027? 📣 The European Securities and Markets Authority has set operational resilience, outsourcing and sufficient EU based operations among its main crypto supervisory priorities for 2027 as the bloc moves further into enforcement of the Markets in Crypto Assets Regulation. 🌐 ESMA said in its 2027 work program published Monday that its work on MiCA will concentrate on coordinating national regulators and developing more consistent supervision of crypto asset service providers across the European Union. The program comes as the regulator moves from writing and implementing MiCA rules toward overseeing how licensed firms comply with them in practice. Chair Verena Ross described the change during a meeting of the European Parliament’s Committee on Economic and Monetary Affairs, saying ESMA’s MiCA work had moved “from rulemaking towards supervision and convergence.” ⭐️ Operational resilience will be one of the main areas under scrutiny as ESMA works with national competent authorities responsible for supervising CASPs. Outsourcing risks, liquidity, reverse solicitation and the classification of crypto assets are among the other areas identified for coordinated work in 2027. Supervisors will pay attention to whether firms maintain sufficient operations within the EU instead of relying heavily on functions or infrastructure based elsewhere.
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📌 How will ESMA supervise crypto firms under MiCA in 2027?
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