Malta opposes the EU’s move to centralize regulatory authority over large crypto institutions in ESMA

Gate News update, April 1, according to Bloomberg, the EU is pushing to centralize regulatory authority over large crypto institutions to the European Securities and Markets Authority (ESMA), with Malta publicly opposing it. If the related proposal advances through the EU Council and Parliament this summer, Malta may need to hand over its direct regulatory authority over leading crypto institutions to ESMA.

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