German crypto regulator calls for global rules to also govern niche finance centers By Cointelegraph

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While the European Union has made significant progress toward regulating crypto by approving its comprehensive framework, Markets in Crypto-Assets (MiCA), the need for global regulation still remains, according to a top executive of the German Federal Financial Supervisory Authority (BaFin).

In a blog post on Sept. 18, Rupert Schaefer, executive director of strategy, policy and control at BaFin, highlighted the importance of unitary global regulation of the crypto industry.