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EU crypto framework under scrutiny by policymakers after FTX collapse

Financial Times LogoFinancial Times2 mo ago

EU crypto framework under scrutiny by policymakers after FTX collapse - Financial Times

Quick Summary:

If [this subsidiary] even remotely behaved like its parent company, this raises major questions in relation to the quality of financial services supervision in Cyprus”.

The central bankers argued that bitcoin was “questionable” as a means of payment because of its “conceptual design and technological shortcomings” that rendered its transactions “cumbersome, slow and expensive”.

Mica has been viewed as a watershed moment for crypto regulation, as it represents an effort to impose EU-wide standards, rather than having competing national approaches.


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Article Details

Author / Journalist: Akila Quinio

Category: MarketsFinanceInvesting

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-11-30 @ 18:37:34 (2 months ago)

News Timezone: GMT -5:00

Ranking: #1040 (out of 6695 stories this day)

News Source URL: ft.com

Language: English

Article Length: 692 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 2064997

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About Financial Times

Financial Times Logo

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 7 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 15 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #3

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  • URL: https://beamstart.com/news/eu-crypto-framework-under-scrutiny-16698391779569

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