Time for Serious Global Crypto Regulation, Germany Says – Regulation Bitcoin News

A “crypto spring” may follow what has been a “crypto winter” but what emerges in the end is likely to have more links with the traditional financial system, further increasing the need for regulation, Branson emphasized, as per Reuters. He was also quoted as stating:Germany’s top financial regulator elaborated that a European solution alone would not be sufficient but what’s needed is a worldwide one. Crypto regulation so far has been loose and patchwork, the Bafin official added.

The European Union has been working on its new Markets in Crypto Assets legislation, with EU institutions and member states reaching anIts main purpose is to establish a harmonized regulatory framework for cryptocurrencies and related activities at the Union level.

The report notes that Branson has been skeptical about crypto before. In an interview published by the Eurozone’s monetary authority in November, the German remarked that “not all crypto business models are serious,” adding that “waves of innovation, as we know, also bring with them freeloaders and crooks.”

The report notes that Branson has been skeptical about crypto before. In an interview published by the Eurozone’s monetary authority in November, the German remarked that “not all crypto business models are serious,” ..

The days of the Wild west of crypto are slowly coming to an end 😢

Lol they also protected Wirecard and made sure that no more shorts can be opened for Wirecard. What could possibly go wrong?

Bears are winning!!

お上(神)はお怒りです🤣🐏🐑

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The sooner the best for bitcoin

Regulation should seek to help mitigate bad players in the space. Borderless Web3 and institutional adoption can only happen if everyone feels safe and comfortable to operate. This will have to be a global joint effort.

Nice

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Germany calls for global regulation of crypto industryGermany's top regulator this week called for global regulation of the cryptocurrency industry to protect consumers, prevent money laundering and preserve financial stability. FTX was intentional. Now they have reason to push for global regulations. Next step? Global government. Fascists always want to control everything.
Source: Reuters - 🏆 2. / 97 Read more »