The European Central Bank's Christine Lagarde said that the collapse of FTX emphasizes the need for more rules around the digital asset industry, reiterating her call for more crypto legislation beyond MiCA.
The European Central Bank’s chief Christine Lagarde said that broader crypto regulation beyond MiCA is needed following the collapse of FTX exchange.
The “stability and reliability” of crypto “has been exposed in the most obvious way recently,” Lagarde said during an appearance before the European Parliament, responding to questions from policymakers concerned about the implications of FTX’s downfall. The enforcement of MiCA will put Europe as"pioneers in this world of great inventivity and great unreliability," Lagarde said.
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