EU plans to centrally regulate cryptocurrency markets by the end of the year

The EU plans to implement centralized regulation of cryptocurrencies through the European Securities and Markets Authority (ESMA) by the end of the year to enhance market compliance and pension investment, which may increase institutional confidence. Ethereum traded at $4,593.96, with a market capitalization of $554.51 billion, with a 29.69% decline in 24-hour trading volume, but rose 22.49% in 60 days.