[EU Plans to Advance Pension and Cryptocurrency Regulatory Reforms by Year-End] EU Financial Services Commissioner Albuquerque announced plans to promote pension investment reforms and simplify transaction processes by the end of the year, while considering granting the European Securities and Markets Authority (ESMA) direct regulatory powers. Emerging sectors such as crypto asset service providers will also be included in a more centralized regulatory framework, but this will not undermine the functions of national regulatory authorities.