Mairead McGuinness, the European Union’s commissioner for financial services, has called for global regulation of the cryptocurrency market.
Speaking at the event organized by the Financial Times, McGuinness said that if the relevant legal regulations are not prepared, some of the cryptocurrencies can cause problems is thinking.
“Hearing that people are getting investment advice on TikTok or another social media platform, or that young people are starting to invest in cryptocurrencies to spend time with their friends, sounds good. worrying It may not be coming.” said the EU commissioner, “But such collective behavior can be alarming if not regulated, so there is a global need to set some principles in crypto.” he continued.
“Still, I don’t want to give the impression that we’re too anxious.” said McGuinness, “Only; growing and not legally regulated things, if they are not dealt with can cause huge problems I’m trying to say.” added form.
Some investors in the cryptocurrency market, may not be aware of the risks Mentioning that, McGuinness made some suggestions to raise awareness of investors. “things have to be done” stated.
Two days before these statements made by the European Union commissioner, the Financial Stability Board announced that cryptocurrencies may arise. to structural risks A warning was issued.