ECB Official Speaks: Binance and Cryptocurrency Disclosures

European Central Bank (ECB) supervisory board member Elizabeth McCaul stated that international crypto companies such as Binance and FTX need additional oversight and strict rules.

McCaul 5 April on ECB In a blog post published on its official website, the bankrupt cryptocurrency exchange FTX and the world’s highest-volume cryptocurrency exchange Binance such as a certain headquarters Cryptocurrency companies that do not risk claimed to be. McCaul, these companies regulatory partnership in the framework of more to strict rules He claimed it should.

board member, of the European Union developed by MiCA legislative drafts yet in its infancy that and on individual assets although effective complex international fully understand the problems arising from the can’t solve expressed.

No judgment legal of persons their legal status And responsibility schemes allow it to carry out its activities without disclosing not giving declaring the need McCaul, Even companies that claim to have no headquarters, such as Binance, controllable stressed that it should be

McCaul consolidated groups international banks from the traditional financial system it controls. precedents the international coordination how to provide and under the control of this area to be held more towards idea execution said it should.

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