MiCA Licensing Marks Start as Crypto Custodians Come Under Scrutiny

EU's MiCA Custodian Crackdown Puts 27-Nation Crypto License at Stake

The European Securities and Markets Authority is putting crypto custodians through the wringer. ESMA has kicked off a detailed review… Read the original on EU’s MiCA Custodian Crackdown Puts 27-Nation Crypto License at Stake. For more crypto news and analysis, visit TheCurrencyAnalytics.com.

MiCA Licensing Marks Start as Crypto Custodians Come Under Scrutiny

EU regulators are moving beyond the “license first” phase of crypto oversight and turning their attention to whether custodians can actually operate safely under stress. On Wednesday, the European Securities and Markets Authority (ESMA) launched a Common Supervisory Action (CSA) focused on the operational resilience of crypto asset service providers (CASPs), with custody services at the center of the review. The initiative arrives soon after MiC…

MiCA licensing only the beginning as crypto custodians face scrutiny

A MiCA license allows crypto firms to operate in the EU, but the ESMA’s review will test whether custodians can meet the required security and …