[EU Plans to Launch Capital Market Reforms in 2027, Crypto Companies to Fall Under ESMA Jurisdiction] Maria Luís Albuquerque, EU Commissioner for Financial Services, stated on Tuesday that the EU aims to implement a comprehensive capital market integration reform package by 2027. The European Commission plans to grant the European Securities and Markets Authority (ESMA) greater supervisory and enforcement powers, bringing clearinghouses, trading platforms, and cryptocurrency companies under ESMA's jurisdiction. The proposal still requires approval, with some member states expressing opposition. The EU has also pledged to review banking regulatory rules by the end of next year.
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