The European Central Bank (ECB) expressed support for the financial regulatory centralization reform plan promoted by the European Commission, which proposes transferring the supervisory authority over cross-border financial institutions, including crypto asset service providers, from national regulators to the European Securities and Markets Authority (ESMA). The plan aims to integrate the EU's capital markets and enhance competitiveness, but the ECB also emphasized the need to provide ESMA with sufficient personnel and funding, and to minimize market disruptions during the regulatory transition. (Reuters)

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