Why does the European Commission want to regulate Crypto?

MIC currently allows companies to obtain cross-border access through a single national license. National regulators and companies end the loss of control and breccracy. Large companies in France, Austria and Italy have played the role of Emma.

The European Commission is preparing to give the European Securities and Markets Authority a power of secrecy.

If accepted, E.A.A.A.A.A.A.A.A.A.A. It is reported by Bloomberg in the European Union.

The proposal marks a major shift in how the bloc will keep regulatory powers in the hands of a central authority, rather than being implemented by 27 national regulators.

This draft plan is expected to be announced in the next month and comes before the full implementation of the markets in the Cryptosass regulation.

MIC, passed in 2023, is set to be the European Union's Flash rights framework for crypto regulation.

Under Micaiah, companies currently require permission from a member state to operate in a blowout.

This structure is the result of years of work by both supervisors and companies.

Mick film mistrust

MIC is designed to provide legal clarity and consistency across the EU.

It allows companies to be licensed in one country and to provide services in other EU states. This system is known as passport.

The goal was to reduce regional divisions and reduce the ability to control businesses.

The commission's new plan, however, would reverse this process by giving ESA direct responsibility for approving and regulating all providers regardless of their status.

The draft idea is how important the EMA is and the tasks will be returned to the national authorities.

However, the central point of contact will still be Emma. This change has raised concerns with the people involved in Michael.

Closing of the implementation window in 2024.

Critics argue that restarting the discussion around Micah is against legal certainty.

Others say that without sufficient resources, the delivery of energy compensation can result.

The idea still needs support from the European Parliament and the European Parliament and the Council of the European Union.

Pushing from the controllers

The activity of the commission was not noticed by the Crypto industry bodies. Many believe that local inspectors are made for day-to-day organizations.

At this stage, at this stage, the central control compensation is warned to avoid that the mic is running well.

Some advisors recommend that the E.A.A.A. She indicated that she needs money to participate in such a role.

Mick officials have already been well received in building teams and professionals to meet Mick parties.

Replacing it with a central process can lead to delays in approvals and controls.

Ima Charrena Rosta said this year that the current structure may not be a model of 27 different controllers when it is prepared for the same tasks.

France central model

France, together with the European Union institutions, has become very difficult to expand the power of ESMA.

In September, regulators from France, Austria and Italy were called to regulate major crypto stocks, EMA, while smaller companies could remain under national watch.

This proposal creates a two-tier system and presents their position between full centralization and local control.

The proposal is part of a wider trend in the European Union of financial supervision of the European Union.

Brussels said that they have also asked for EMAA supervision to be given in houses, commercial elevators and clearing deposits and deposits.

However, in some countries national control may create unnecessary bureaucracy and reduce flexibility.

of <ማሻሻያ> The urgency has increased when Hamma raised concerns about the widespread licensing practices in Malta.

Micaiah, the Maltese supervisor, has made submissions to many companies and is due to the European Union to present questions about the consistency and the proper connection.

This phenomenon adds weight to the argument for a more unified regulatory model.

When the commission finalizes the proposal, the cissoriptizer sector will remain in force.

Businesses will be looking to see if their licensing and regulatory controls remain at the national level or whether they're going to be completely close to the storm.