EU lawmakers must listen to crypto industry or risk stifling innovation – DL News
Opinion
- MiCA led the way for global crypto laws.
- But the EU regulations must be updated.
- Gemini’s Europe CEO makes that argument.
Mark Jennings is crypto exchange Gemini’s Europe CEO. Opinions are his own.
One year after its implementation, and with over 100 firms already authorised as crypto asset service providers, the European Union’s Markets in Crypto-Assets regulation, or MiCA, has proven itself as the world’s first comprehensive crypto rulebook and a much-needed part of Europe’s regulatory landscape.
Competing jurisdictions are already implementing lessons learned from MiCA, including the UK Government’s crypto roadmap, stablecoin reserve requirements within the US’ Genius Act, and Hong Kong’s Stablecoins Bill.
Yet it’s…
