EU Regulators Scrutinize Malta's MiCA Licensing Authorization Process

The European Securities and Markets Authority (ESMA) on Thursday released a review of the Malta Financial Services Authority (MFSA)'s authorization process for crypto-asset service providers (CASPs). The agency is the main European regulator responsible for the Markets in Crypto-Assets (MiCA) regulation. Although the EU regulator stated that the Malta Financial Services Authority met some expectations in terms of regulatory setup and staffing, the agency said that Malta only "partially met expectations" in the authorization process for an unnamed CASP. (Cointelegraph) [Odaily Planet Daily]