ECB Backs ESMA-Led Crypto Supervision in EU: Tighter MiCA Enforcement Incoming

The European Central Bank (ECB) has formally backed a proposal to transfer crypto-asset service provider supervision to the European Securities and Markets Authority – a move that would collapse 27 fragmented national licensing regimes into a single Paris-based enforcement framework. The ECB’s opinion, issued in response to the European Commission’s 2025 capital markets package (COM/2025/941, 942, 9…