MiCA focus shifts from rulemaking to supervision, ESMA chair says

MiCA focus shifts from rulemaking to supervision, ESMA chair says

ESMA will focus on CASP resilience, outsourcing and reverse solicitation while pursuing harmonized reporting across national regulators.

The European Securities and Markets Authority (ESMA) will focus its coordination of national crypto supervision in 2027 on operational resilience, outsourcing and firms maintaining sufficient operations inside the bloc as implementation deepens under the Markets in Crypto-Assets Regulation (MiCA).

ESMA Chair Verena Ross said Monday that the regulator’s focus under MiCA had shifted “from rulemaking towards supervision and convergence.”

“We want innovation to flourish within a framework that provides clarity for firms, safeguards for investors and confidence in the markets,” Ross said during a meeting of the European Parliament’s Committee on Economic and Monetary Affairs.

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