MiCA Licensing is Just the Starting Line: EU Regulators Target Crypto Custodian Resilience
Securing a MiCA license is no longer the ultimate goal for crypto firms operating within the European Union. The European Securities and Markets Authority (ESMA) has officially launched a Common Supervisory Action (CSA) to scrutinize the operational resilience of crypto asset service providers (CASPs), specifically targeting the custody sector.
This regulatory shift indicates that authorization is merely the first step in a much more rigorous compliance journey. As the ESMA review unfolds, custodians must demonstrate high-level security and infrastructure standards to prove they can withstand the complexities of the evolving digital asset landscape.
Getting licensed under the European Union's Markets in Crypto-Assets (MiCA) regulation is only the beginning for crypto custodians. Regulators are now shifting their focus from mere authorization to strict operational resilience.
This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.
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