Crypto custodians holding licenses under the EU's Markets in Crypto-Assets (MiCA) regulation will soon be subject to a review by the European Securities and Markets Authority (ESMA). This assessment will focus on evaluating whether these firms meet the necessary security and resilience standards required under the regulatory framework.
According to CoinTelegraph, while a MiCA license permits crypto firms to operate across the European Union, ESMA’s forthcoming review aims to ensure that custodians maintain robust protections against operational risks. This step underscores the EU’s commitment to strengthening oversight in the rapidly evolving crypto sector.
For Japanese investors and market participants, the ESMA review highlights increasing global regulatory scrutiny on crypto custodians, signaling potential shifts in compliance standards that could influence cross-border crypto services and partnerships.