Lawmakers urged to hurry up with crypto regulations

Crypto regulation passed by the EU – U.S. lawmakers urged to follow suit...

Regulation. Some hate it, others want more. It's a divisive topic, but this next piece of news may offer some positivity for all... Since 2018, the European Union has been working to establish a comprehensive regulatory framework for cryptocurrencies — which finally passed last month. In a nutshell, this regulation named Markets in Crypto-Assets (MiCA) will help investors navigate the legal complexities around cryptocurrencies and other digital assets. Recently, the European Commission's financial services commissioner Mairead McGuinness urged her United States counterparts to follow suit so that regulatory efforts for the space will be global — not just local. "We do need to see other players also legislating. We need to look at global regulation of crypto." – McGuiness McGuiness also notes the lack of enthusiasm for the regulatory process among crypto developers, but explains that "those who want a future" understand the need for it. The MiCa was approved by the European Parliament Committee on Economic and Monetary Affairs (ECON), and is expected to come into force by 2024.  Read the full story here on Cointelegraph. Be the first to find out how U.S. lawmakers respond with access to the same news feed Cointelegraph's journalists use to report on the most up-to-the-minute, market moving developments. © 2022 COINTELEGRAPH MARKETS PRO COINFIDENTIAL. Copyright © 2022 Cointelegraph Markets Pro, All rights reserved. You are receiving this email because you opted in at our website. Our mailing address is: Cointelegraph Markets Pro 21 W 46th St New York, NY 10036-4119 Add us to your address book Want to change how you receive these emails? You can update your preferences or unsubscribe from this list.