The EU presented a set of rules for the crypto market at the end of 2024, where it is required, among other things, to have a license from at least one EU country to offer crypto services in the union
A study conducted by French, Italian and Austrian authorities shows, however, "major differences" in how crypto companies are monitored in different EU countries, something that companies in the industry can take advantage of. The trio now warns that it may become relevant with closed borders for crypto companies if supervision is not tightened at EU level.
ESMA presented in June a report where the financial authority in the EU country Malta is criticized for inadequate licensing and question marks around the country's implementation of existing rules.
