On Monday, Christine Lagarde addressed the European Parliament, saying that the EU’s cryptocurrency legislation, Markets in Crypto-assets (MiCA), needs to go further. She outlined proposals for how it could be extended.
In addition to being the President of the European Central Bank, she also heads the European Systemic Risk Board (ESRB), which this week discusses the financial stability risks of crypto-assets.
In response to a question by EU member of parliament Aurore Lalucq, Lagarde told the Committee on Economic and Monetary Affairs that “Crypto assets and decentralized finance have the potential to pose real risks to financial stability.”
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