The EMA co-signed a joint industry letter to ESMA and the European Commission on the authorisation process for Crypto Asset Service Providers (CASPs) under MiCA.
The letter addresses concerns over regulatory delays, inconsistent transitional measures, and potential service disruptions. It calls for harmonised authorisation requirements, extended transitional periods, and supervisory flexibility to ensure a smooth implementation of the MiCA framework, safeguarding consumer access and market stability.