EU Centralizes Crypto Oversight Under Paris Authority

REGULATION | The European Central Bank Supports Plan to Supervise Major Crypto Firms Under EU Financial Markets Regulator

The European Central Bank (ECB) has backed a European Union (EU) proposal to centralize oversight of major crypto firms under the bloc’s markets regulator, marking a potential shift toward tighter supervision. In a published opinion, the ECB said it “fully supports” plans to place systemically important crypto-asset service providers and large trading platforms under the authority of the European Securities and Markets Authority (ESMA), rather t…

EU Central Bank Backs ESMA Oversight of Crypto Companies in 2026

The ECB has supported a draft to give the European Securities and Markets Authority (ESMA) the exclusive regulatory power over major crypto companies instead of each EU member state. This is in line with the main goals of supervisory convergence, reduction of fragmentation, and cross-border risk management in crypto-asset markets. Importantly, this will be achieved while fostering financial stability and the integrity of the single market. Centr…

ECB Backs Centralized EU Crypto Supervision: Binance and Coinbase Are First in Line

Key Takeaways ECB endorsed proposal to centralize supervision of systemically important crypto firms under ESMA. Thresholds: 1M+ EU yearly active users, €3B+ in assets, or 200K+ cross-border users. Binance, Coinbase, Bybit EU, and Kraken are primary candidates for direct ESMA oversight. Ireland, Luxembourg, and Malta are opposing. Proposal enters EU legislative negotiation. What the ECB Endorsed The European Central Bank describes the proposal …

ECB backs plan to move oversight of major crypto firms to EU markets regulator

The European Central Bank has thrown its weight behind a proposal to give the EU’s markets watchdog direct control over the continent’s largest crypto firms. The ECB issued a formal opinion on Friday stating that it fully supports moving the…