The EU plans to promote unified regulation of all cryptocurrency activities within the region by ESMA

According to Bloomberg, the European Commission plans to empower the European Securities and Markets Authority (ESMA) to conduct unified regulation of all crypto asset service providers operating in the EU and to be responsible for licensing. The draft indicates that ESMA may delegate tasks to national regulatory authorities when necessary. These draft plans must also be approved by the European Parliament and the Council of Member States. Currently, crypto asset service providers only need to be approved in one member state to operate throughout the EU under the 2023 MiCA rules.