<ul data-eligibleForWebStory="false"><li>ESMA is reviewing Malta's cryptocurrency licensing framework due to concerns about how the MFSA authorizes crypto asset service providers under the MiCA regulation.</li><li>ESMA's review found that MFSA only partially met expectations in the approval process, prompting the need for regulatory consistency across EU jurisdictions.</li><li>ESMA emphasized the importance of convergence among EU national competent authorities to ensure a unified regulatory regime under MiCA.</li><li>The review highlighted gaps in how MFSA handled material issues during the authorization process, recommending improvements in post-licensing supervision and oversight.</li></ul>

ESMA Puts Malta’s Crypto Oversight Under the Microscope—Is MiCA at Risk?

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