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MiCA proponent cites FTX in advocating for regulation: ‘Crypto assets are not play money’

In a Nov. 9 tweet, Berger said proper regulation was needed to avoid issues which “cost enormous trust” in the crypto space, amid FTX reporting financial difficulties. The parliamentary committee member pointed to the Markets in Crypto-Assets, or MiCA, framework currently moving through the European Council as a way to require crypto firms to “ensure internal risk management mechanisms.”

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Source: Cryptocurrency - investing.com

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