ESMA Targets Crypto Custody Controls Under MiCA Rules

TLDR ESMA launched a common supervisory action focused on crypto custody providers after MiCA’s transition phase ended on July 1. National competent authorities will review a risk-based sample of authorized crypto-asset service providers across the EU. The review will assess custody-related operational risks, including key management, storage controls, governance, and incident response. ESMA said the [...]

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