EPRS Urges Tighter Crypto Oversight Outside EU
The European Parliamentary Research Service (EPRS) has emphasized the need for stricter regulation from non-European Union (EU) authorities to ensure global cryptocurrency market stability and growth.
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As the Markets in Crypto-Assets Regulation (MiCA) Act progresses towards its December 2024 implementation, the EPRS report points to potential risks to the EU's financial system due to dependency on non-EU countries' policies.
The report cites concerns about financial stability, reduced market appeal, and the mainstream adoption of stablecoins.
It also highlights the fragmented regulatory landscape in the U.S. and potential regulatory divergences between the UK and the EU.
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