ECB Backs Plan for ESMA to Take Over Crypto Supervision
By Jesse Coghlan
Published on April 13, 2026.
The European Central Bank (ECB) has supported the European Commission's plan to replace oversight of major cross-border capital market companies with that of the European Securities and Markets Authority (ESMA). This move is set to be a significant overhaul of how the EU will regulate crypto companies since the implementation of the Markets in Crypto-Assets (MiCA) laws in mid-2023. The ECB stated that the proposal is an ambitious step towards deeper integration of capital markets and financial market supervision within the Union. However, some countries, including Malta, have argued that the MiCA laws for CASPs only came into force in December 2024.
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