ECB president reiterates requires ‘MiCA II’ in response to FTX collapse By Cointelegraph

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ECB president reiterates requires ‘MiCA II’ in response to FTX collapse

Christine Lagarde, president of the European Central Financial institution, or ECB, has as soon as once more referred to as regulation and supervision of crypto an “absolute necessity” for the EU within the wake of the collapse of crypto alternate FTX.

At a Nov. 28 listening to of the Committee on Financial and Financial Affairs of the European Parliament, Lagarde cited Fb’s Libra for example of the ECB’s involvement which was “useful to cease a number of the gamers” from participating with crypto companies. Nonetheless, she mentioned the state of affairs with FTX — concerned with crypto belongings versus stablecoins — was extra concerning the “stability and reliability” of the alternate and the ECB wanted to step up as a worldwide regulator to deal with individuals’s rising curiosity in digital belongings.

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