The European Central Bank supports EU regulatory reforms, and crypto asset servicers will be subject to unified regulation by the ESMA.

The European Central Bank (ECB) has expressed support for the European Commission's plan to centralize financial regulation. This plan aims to consolidate the oversight of cross-border financial institutions, such as crypto asset service providers (CASPs), from national regulators to the European Securities and Markets Authority (ESMA). This move seeks to deepen the integration of the EU's capital markets and enhance its international competitiveness. The ECB emphasized that the reform requires providing the ESMA with sufficient staff and funding, and minimizing market disruption during the regulatory transition period. (Reuters)