EU compromise may keep Deutsche Boerse outside direct ESMA oversight
- —EU compromise of October 9 shifts securities market oversight from national regulators to ESMA
- —Deutsche Boerse and other large trading venues are exempt from direct ESMA supervision
- —Commissioner Albuquerque says the approach weakens governance and doubles oversight costs
- —German crypto venues would remain under national supervision if the package passes as drafted
Why it matters: Centralizing oversight in ESMA would strengthen uniform MiCA rules for EU crypto firms, but exempting major venues preserves regulatory fragmentation.
Source: Kryptoszene