The European Union (EU) financial services chief has called on the US to create clearer crypto-related laws.
Taking a tough stance against digital assets, the EU recently tightened its AML regulations. The new regulation expanded the list with the inclusion of decentralized finance (DeFi), DAOs and NFTs. European regulators want crypto regulations to be prepared globally and not raise concerns.
EU Calls on US for Crypto Regulations
EU Financial Services Chief Mairead McGuinness stated that crypto regulation applied to markets needs to be put into global order.
Feeling that US policymakers are in line with the EU, McGuinness said in a speech during his Washington DC visit that crypto regulations should be global. At the same time, he stressed that they should also see other countries that are keen to create laws around the crypto market. He added that there are countries waiting for the same purpose in the market.
The European Union has spent a lot of time on the draft law that has been agreed since June. With the adoption of the final version of the law by the European Union countries, MiCa was officially completed.
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