EU Commission Official: The FTX Collapse and Binance's Settlement with the U.S. Government Provide Strong Arguments for MiCA Regulation

ChainCatcher news, EU Commission policy official Ivan Keller stated at the MoneyLIVE conference in Amsterdam that the collapse of FTX in 2022 and Binance's recent $4.3 billion settlement with U.S. authorities provide a strong argument for the EU's crypto assets market (MiCA) regulation.

Keller stated, "I think we have had a few unfortunate confirmations to push the industry towards a strong regulatory path. FTX is definitely one of the big companies, and recently there is Binance as well. Our position is that the MiCA regulation will mitigate some risks, and importantly, it will give regulators clearer powers to oversee these entities so that they can also mitigate these risks."