
ESMA Launches Common Supervisory Action To Review MiCA Crypto Asset Custody Across EU
Key Takeaways
- ESMA launched a Common Supervisory Action with EU national regulators to assess crypto-asset custody.
- The aim is to evaluate how solid operational custody structures are across EU crypto firms.
- The action was announced on July 8, 2026, and coordinated with national regulators.
ESMA targets crypto custody
The European Securities and Markets Authority decided to raise attention on the custody of crypto assets and, on 8 July, announced the launch of a Common Supervisory Action coordinated with national regulators across the European Union.
The review is aimed at understanding how solid the operational structures are of crypto-asset service providers already authorized under MiCA, and it is described as the first structured test after the transitory regime closed and companies began operating on the shared EU register.

Fire service chief Mahmud Iqbal said rescue crews "found most of the victims near the stairwells on the third and fourth floors," and witnesses told the BBC the main exit was locked when the fire broke out around 4 p.m. as workers were completing a late shift.
The Cryptonomist says the Common Supervisory Action covers governance, key management and storage, transaction controls, incident detection and response, smart contract risks, and dependencies on third-party providers.
MiCA expansion and timing
Separate reporting says the European Union is considering revising MiCA to broaden its reach to cover stablecoins issued by non-EU companies, with Cointelegraph cited as linking the discussion to the U.S. GENIUS Act.
The Asian outlet says the EU authorities are also discussing adding MiCA rules related to tokenised payments and deposits, and that authorities plan to review the amendments in 2027.

The Cryptonomist says the process runs from the second half of 2026 to the first half of 2027, with a consolidated report expected in the second half of 2027.
It also states that the MiCA register counts today 280 authorized providers after the closure of the transitory period, including custodians, exchange and issuers now subject to a single European supervisory structure.
Custody resilience and market stakes
Crypto News | Other provides market metrics for Amp, including a price of $0.00044 as of Jul 8, 2026, a 24-hour trading volume of $13,979,642, and an all-time high of $0.120813 on Jun 16, 2021.
“According to an Euronews exclusive, the European Commission has begun a consultation phase for the first amendments to MiCA since its entry into force”
In parallel, Cryptonews.net and Cointelegraph reporting tie the MiCA overhaul discussion to stablecoin rules reshaped by the GENIUS Act and to potential additions for tokenized payments and deposits, with a comment window described as open until Aug. 31.
The Cryptonomist says ESMA wants to know whether providers inside the regulated perimeter have built controls "all’altezza dei rischi specifici della tecnologia a registro distribuito."
Meanwhile, Cryptonews.net says ESMA announced it planned to review the operational resilience of CASPs licensed under MiCA, with EU regulators examining custody-related operational risks from July through the first half of 2027.
More on Crypto

Adam Back’s BSTR And Cantor Equity Partners I Scrap SPAC Merger After $1.5B Financing Fails
11 sources compared

Vanguard Opens Search for Head of Digital Assets to Lead Tokenization and Stablecoins Strategy
11 sources compared

Kraken Seeks Delaware Court Judgment After $22 Million Award Against Mazars USA
10 sources compared

Summer.fi Halts Lazy Summer Vaults After $6 Million Exploit Linked to Blockaid
11 sources compared