According to BlockBeats, the European Securities and Markets Authority (ESMA) has conducted a peer review of Malta's implementation of the Markets in Crypto-Assets (MiCA) regulation framework. The review specifically focused on Malta's expedited authorization process for an unnamed cryptocurrency company.
The Peer Review Committee (PRC) of ESMA examined the authorization of this crypto asset service provider (CASP entity). Despite the presence of 'significant issues that remain unresolved or require rectification,' the entity was still granted authorization under the MiCA framework.