Regulators Urge Better EU Coordination in Crypto Supervision

Financial regulators in France, Austria and Italy urged the European Union’s top markets watchdog to start supervising major crypto companies directly and tighten the bloc’s rules, after identifying disparities in how crypto regulations are being implemented.

The EU began rolling out its Markets in Cryptoassets regulation in late 2024, requiring crypto companies to secure a license in at least one EU member state in order to offer their services across the bloc.