Cryptonews: Malta opposes a push by France, Italy, and Austria to give ESMA direct oversight of EU crypto firms

These countries argue that inconsistent application of the Markets in Crypto-Assets (MiCA) regulation among member states necessitates centralized supervision. However, Malta’s Financial Services Authority (MFSA) contends that such centralization would introduce unnecessary bureaucracy and hinder the EU’s competitiveness in the digital asset sector…