ECB president calls for crypto regulation in response to Russia potentially evading sanctions

ECB President Christine Lagarde emphasizes the urgent need for the Markets in Crypto-Assets (MiCA) regulation to prevent potential misuse of cryptocurrencies by Russia to evade sanctions, highlighting the necessity of a regulatory framework to oversee crypto assets effectively.

Summary

"It’s so critically important that MiCA is pushed through as quickly as possible so we have a regulatory framework within which crypto assets can actually be caught," said Christine Lagarde.

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