# EU moves to close MiCA loophole with centralized oversight of major crypto firms

https://mins.news/en/item/96503

- CryptoSlate, 2026-10-12 13:20 UTC
- Economy
- Original: https://cryptoslate.com/eu-targets-mica-loophole-that-lets-crypto-exchanges-serve-27-countries-with-one-license/

> EU finance ministers agreed to give ESMA direct oversight of the bloc’s largest crypto-asset providers, changing MiCA’s supervision model. The new thresholds are expected to cover only 10 to 15 of roughly 360 providers. The agreement sets the Council’s negotiating position and must still be discussed with the European Parliament; it does not change the law immediately.