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Crypto firms call for global consensus instead of "fire hose" of rules
linkweb3
2023-05-10
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Summary：A "fire hose" of differing regulatory approaches to cryptoassets lack the global consensus needed to attract established investors that would create a maturer market, a conference was told on Wednesday. The European Union has finalised the world's first comprehensive rules for cryptoasset markets, known as MiCA, but others like Britain and the United States are further behind. Apart from compliance with rules to stop money laundering and terrorist financing, crypto firms are largely unregulate
A "fire hose" of differing regulatory approaches to cryptoassets lack the global consensus needed to attract established investors that would create a maturer market, a conference was told on Wednesday. The European Union has finalised the world's first comprehensive rules for cryptoasset markets, known as MiCA, but others like Britain and the United States are further behind. Apart from compliance with rules to stop money laundering and terrorist financing, crypto firms are largely unregulated in many parts of the world.
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