EU Parliament research recommends non-EU nations tighten crypto regulation
The European Parliamentary Research Service (EPRS) highlighted the need for tighter oversight from non-European Union regulators to ensure greater stability and development in the global cryptocurrency market.
As the Markets in Crypto-Assets Regulation (MiCA) Act continues on the road to implementation by December 2024, an EPRS report cited the need for establishing a tighter regulatory framework in non-EU jurisdictions:
“There are yet several channels through which the EU's financial system and autonomy is still at risk as it remains dependent on non-EU countries’ policy actions in the context where the MiCA is applicable.”
Potential implications around financial stability, lower market appeal and mainstream use of stablecoins were the main concerns highlighted by the report’s authors
HI @bafiti
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