HomeUncategorizedEU Parliament research recommends non-EU nations tighten crypto regulation By Cointelegraph

EU Parliament research recommends non-EU nations tighten crypto regulation By Cointelegraph

September 23, 2023

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The European Parliamentary Research Service (EPRS) highlighted the need for tighter oversight from non-European Union regulators to ensure greater stability and development in the global cryptocurrency market.

MiCA implementation timeline. Source: esma.europa.eu

As the Markets in Crypto-Assets Regulation (MiCA) Act continues on the road to implementation by December 2024, an EPRS report cited the need for establishing a tighter regulatory framework in non-EU jurisdictions:

Overview of crypto-asset regulations in EU, the United Kingdom and the United States. Source: europarl.europa.eu
Global stablecoin regulation overview. Source: europarl.europa.eu