According to a report by Cointelegraph, as reported by Techub News, the European Commission has released a proposal to expand the European Securities and Markets Authority's (ESMA) regulatory authority over cryptocurrency companies and exchanges that comply with the Crypto Asset Markets Regulation (CMR), thereby optimizing the EU market system and narrowing the regulatory gap with the United States. The proposal is currently under negotiation and still requires approval from the European Parliament and the Council.
The EU plans to expand the European Securities and Markets Authority's regulatory authority over cryptocurrencies and capital markets.
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