Additionally, the European Securities and Markets Authority (ESMA) will be given powers to step in and ban or restrict crypto platforms if they are seen to not properly protect investors, or threaten market integrity or financial stability.

Source: https://thenextweb.com/news/crypto-payments-can-now-be-traced-like-bank-transfers-under-new-eu-law

And unfortunately, ESMA still lacks the means to either temporarily suspend the derivative trading obligation or to issue a proper no action relief," she said.

Source: https://www.marketscreener.com/news/latest/ESMA-favours-more-transparency-in-CDS-market--43530926/?utm_medium=RSS&utm_content=20230418

In Europe, the European Securities and Markets Authority (ESMA) has issued warnings on the risks associated with investing in cryptocurrencies.

Source: https://cyprus-mail.com/2023/05/20/the-legal-and-regulatory-landscape-for-syscoin-and-other-cryptocurrencies/