European Commission official: FTX collapse, Binance’s settlement with the US government provide strong arguments for MiCA regulation

European Commission policy officer Ivan Keller told the MoneyLIVE conference in Amsterdam that the collapse of FTX in 2022 and Binance’s recent $4.3 billion settlement with US authorities provide a strong argument for EU Crypto Asset Market (MiCA) regulations. Keller said: "I think we have had a few unfortunate confirmations to move the industry down the road to strong regulation. FTX is definitely one of the big players, and most recently Binance. Our position is that the MiCA regulations will Mitigating some of the risks, importantly it will give regulators clearer powers to regulate these entities so that they can also mitigate those risks.” (Cointelegraph)