The chair of ESMA, the EU's securities markets regulator, says the main work on MiCA is moving from writing rules to supervising the firms those rules cover. Cointelegraph reported the remarks on September 28, 2026.
According to the report, ESMA will focus on three areas: how resilient crypto-asset service providers (CASPs) are, how they outsource their operations, and reverse solicitation. ESMA also wants national regulators across the EU to report in the same way, so that supervision is harmonized.
The report does not name any company, exchange or country. It gives no deadlines, no new enforcement actions and no penalties. It also does not say whether derivatives such as perpetual futures are part of this supervisory focus.
For someone already holding a perpetual position on Bitget, Bybit, MEXC or OKX, this changes nothing directly. The report names none of these exchanges and says nothing about funding rates, trading fees or liquidity. It describes where the regulator will put its attention, not a rule change that affects the cost of holding a position today.
Source: cointelegraph — MiCA focus shifts from rulemaking to supervision, ESMA chair says