Global Collaboration Needed in Cryptocurrency Regulations, According to EU Official

European Union official Mairead McGuinness thinks that a global common approach should be shown in cryptocurrency regulations.

The European Union Financial Services Commissioner, McGuinness, wrote for The Hill in an article he wrote for the payment process of crypto money technology. make it faster, cheaper and safer He said it could have benefits.

McGuinness, on the other hand, both users as well as financial stability in terms of “significant risks” He added that there should be rules to prevent these risks.

Financial Services Commissioner, rules to be brought to cryptocurrencies be fully applicable for “Cooperation at the global level”In addition, some international identifying common principles said it should.

The European Union has come to the end of its preparatory work to regulate cryptocurrencies. Crypto Asset Markets The laws introduced under the title of (MiCA) will be introduced to the crypto money market after they are put into practice. legal certainty Waiting.

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