EU Shifts to Active MiCA Enforcement as 2027 Supervisory Roadmap Unveils

The European Securities and Markets Authority (ESMA) has released its 2027 work program, signaling a transition from regulatory drafting to active enforcement of the Markets in Crypto-Assets (MiCA) regulation. Key priorities include ensuring operational resilience for Crypto-Asset Service Providers (CASPs), monitoring corporate substance within the EU, and managing outsourcing risks. ESMA will also collaborate with the new Anti-Money Laundering Authority (AMLA) on KYC compliance and plans to launch the MIDAS market surveillance system by 2027 to detect market abuse.