ESMA is investigating whether Malta violated MiCA regulations when licensing crypto firms
According to ChainCatcher, citing a report from CoinDesk, the European Securities and Markets Authority (ESMA)—the financial regulator of the 28-nation European trade bloc—has conducted a peer review of Malta’s implementation under the Markets in Crypto-Assets Regulation (MiCA) framework, with particular attention to the country’s expedited authorization process for an unnamed crypto company.
The ESMA Peer Review Committee (PRC) focused on the authorization of this crypto-asset service provider (CASP entity). Despite “significant issues remaining unresolved or pending rectification” at the time of obtaining MiCA authorization, the entity was still approved for licensing.
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