McCaul of the ECB said that big crypto firms need extra rules and global cooperation.
European Central Bank(ECB) official Binancecompanies such as European Unionof the upcoming MiCAHe said they should be compelled to disclose their legal status and lines of responsibility, with extra rules in addition to crypto regulation.
European Central Bank (ECB) Requires Additional Responsibility for Major Crypto Firms
Elizabeth, member of the European Central Bank (ECB) supervisory board McCaul, in a blog post, FTXAnd BinanceHe said that major global crypto companies such as .
McCaul, a member of the ECB arm responsible for overseeing banks, said that recent attempts to regulate crypto, such as the European Union’s Crypto Asset Markets regulation or MiCA, will not fully address the complex international structures or “ecosystem” problem.
McCaul said in his blog post:
“How can we audit companies that do not have physical boundaries? We need to think further to imagine what international coordination will look like and how it can be effective in regulating the crypto world.”
