BaFin warns of risks from centralizing MiCA supervision
- —Mögelin: centralized supervision could reduce flexibility in applying MiCA rules
- —Transferring powers after national licensing would create an additional burden
- —Most EU countries have no private-law framework for crypto assets
- —The MiCA consultation has been extended to September 30
Why it matters: A possible centralization of EU supervision would change licensing and operating conditions for crypto companies across the 30-country EEA market.
Source: crypto.news
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