Europe's Crypto Embrace Slowed, Watchdog Faces Resource Crunch

The European Securities and Markets Authority (ESMA) finds itself grappling with significant challenges in its efforts to regulate cryptocurrencies promptly. The primary hurdle is Limited resources. Verena Ross, the Chair of ESMA, has openly acknowledged the difficulties her organization faces in meeting regulatory deadlines. This struggle is exacerbated by the mounting responsibilities placed on ESMA, coupled with the constraints of its resource pool.