ESMA Crypto Custody Review Marks New Enforcement Phase
The post ESMA Crypto Custody Review Marks New Enforcement Phase appeared on BitcoinEthereumNews.com. Europe’s crypto industry is about to face its most rigorous operational stress test yet. On 8 July 2026, the European Securities and Markets Authority launched a Common Supervisory Action targeting crypto custody — the function at the very heart of how firms protect client assets — marking a decisive shift in the ESMA crypto custody review from regulatory theory into hard enforcement reality. Key takeaways ESMA launched a coordinated Common Supervisory Action on 8 July 2026, placing crypto custody services under direct scrutiny across the EU. The review runs from the second half of 2026 through the first half of 2027, with a consolidated report expected in the second half of 2027. National competent authorities will conduct risk-based reviews of a sample of the 280 authorised providers now registered under MiCA. Ripple received full CASP authorisation from Luxembourg’s CSSF on 6 July 20