Europe’s plan to centralize oversight of crypto and major market infrastructure has sparked a sharp debate across the bloc. According to a Financial Times report , the European Commission is preparing a package that could give a Paris-based regulator new powers over stock exchanges, crypto platforms and clearing houses.

The aim is to cut through a patchwork of rules that now involves dozens of national and regional regulators and hundreds of trading and post-trading firms.

On Crypto & Push For Central Supervision

Reports have disclosed that one option on the table is to expand the remit of the European Securities and Markets Authority, Esma, so it can directly supervise “the most significant cross-border entities.”

This would include trading venues, central counterparties and centr

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