“As we’ve seen in recent months, stringent rules and supervision are very much needed,” the European Commission’s Mairead McGuinness said, citing the collapse of crypto companies FTX, Celsius Network and Voyager Digital and of the terraUSD stablecoin, and referring to provisions intended to protect consumers, prevent market abuse and curb money laundering.
Source: https://www.coindesk.com/policy/2023/04/19/eus-crypto-licensing-regime-set-for-approval-as-lawmakers-signal-support/?utm_medium=referral&utm_source=rss&utm_campaign=headlines