Peer review found granting of licence fell short in several key areas
Awarding of licences is in the spotlight. Stock image
Europe’s markets regulator has criticised crypto oversight in Malta – which has granted licences to several large exchanges this year – for falling short in several areas related to an unidentified entity it authorised.
The European Securities and Markets Authority (ESMA) said yesterday it had completed a fast-track peer review of processes at the Malta Financial Services Authority (MFSA), through which OKX, Gemini and Crypto.com received licences since the start of this year.
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