By Humberto J. Rocha (June 14, 2022, 4:08 PM BST) — The European Union mentioned on Tuesday that cryptocurrency regulation was a precedence after digital markets proceed to take a beating that has worn out billions in worth in latest weeks.
Mairead McGuinness, EU commissioner for banking and finance coverage, informed the European Parliament’s Committee on Financial and Financial Affairs that the regulation of all cryptocurrencies “is critical” to guard shoppers and uphold market integrity.
McGuinness cited latest occasions such because the collapse of TerraUSD — supposedly a safer stablecoin, which relied on an algorithm to stabilize its worth — in Might and the sell-off of digital property that adopted for instance…
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