{"id":440782,"date":"2022-05-02T20:01:03","date_gmt":"2022-05-02T17:01:03","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/eu-commissioner-calls-for-global-coordination-on-crypto-regulation\/"},"modified":"2022-05-02T20:01:03","modified_gmt":"2022-05-02T17:01:03","slug":"eu-commissioner-calls-for-global-coordination-on-crypto-regulation","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/eu-commissioner-calls-for-global-coordination-on-crypto-regulation\/","title":{"rendered":"# EU commissioner calls for global coordination on crypto regulation"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a277b31215ca\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a277b31215ca\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/eu-commissioner-calls-for-global-coordination-on-crypto-regulation\/#%E2%80%9D_EU_commissioner_calls_for_global_coordination_on_crypto_regulation_%E2%80%9C\" >&#8221; EU commissioner calls for global coordination on crypto regulation  &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_EU_commissioner_calls_for_global_coordination_on_crypto_regulation_%E2%80%9C\"><\/span>&#8221; EU commissioner calls for global coordination on crypto regulation  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDUvNzI3ZTkxNDYtMWNkZi00ZTQ0LTkxNjMtZjBhNDU2Y2IxMTg2LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>Mairead McGuinness, the commissioner for financial services, financial stability and capital markets union at the European Commission, is calling for global regulators to work together to address potential risks in the crypto market.<\/p>\n<p>In a Sunday opinion piece in political <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a> outlet The Hill, McGuinness <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/thehill.com\/opinion\/finance\/3472882-we-need-a-global-approach-to-regulating-cryptocurrencies\/\">said<\/a> the European Union and the United States could help lead the world in a regulatory <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roach for cryptocurrencies that considers the benefits of the innovative <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> while addressing \u201csignificant risks.\u201d The EU commissioner pointed to the volatility of certain assets, the risk of insider trading, the possibility of crypto being used by Russia to evade sanctions and environmental concerns.<\/p>\n<p>\u201cTo make rules on crypto fully effective, crypto requires global coordination and joint international principles,\u201d said McGuinness, adding:\u00a0<\/p>\n<blockquote><p>\u201cA global agreement on crypto should first enshrine that no product remains unregulated. Second, supervisors should collect and exchange information globally. Third, any agreement must protect retail investors. Fourth, the crypto ecosystem should fully integrate environmental considerations.\u201d<\/p><\/blockquote>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Cryptocurrency is going mainstream. To enable innovation in finance while effectively protecting consumers, we need a global approach to regulating crypto.<\/p>\n<p> Read more in my op-ed for <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TheHillOpinion?ref_src=twsrc%5Etfw\">@TheHillOpinion<\/a><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/UeBHKLW1zD\">https:\/\/t.co\/UeBHKLW1zD<\/a><\/p>\n<p>\u2014 Mairead McGuinness (@McGuinnessEU) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/McGuinnessEU\/status\/1521117818938433538?ref_src=twsrc%5Etfw\">May 2, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nAccording to the EU commissioner, European regulators had already moved forward in providing a comprehensive framework on crypto with the Markets in Crypto Assets, or MiCA, proposal, which essentially standardizes all rules for crypto service providers within the European Union. She also said the executive order signed by President Joe Biden in March \u201ccharts the way for U.S. regulation of crypto assets\u201d by laying down a framework for government agencies to handle crypto-related policies and enforcement actions.<\/p>\n<p>\u201cWe have no time to lose in managing this transformation for the benefit of investors, businesses and wider society,\u201d McGuinness said.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Green \u2018light:\u2019 The EU\u2019s approach to crypto balances eco-values with regulatory relevance<\/em><\/strong><\/p>\n<p>In addition to its work on MiCA, the European Commission\u00a0called for financial services specialists to weigh in on the potential rollout of a digital euro.\u00a0The European Central Bank has already begun experimental prototyping of a digital euro customer interface as of April 29. McGuinness said the EU commission would\u00a0&#8220;stand ready&#8221; to introduce legislation behind a central bank digital currency.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/eu-commissioner-calls-for-global-coordination-on-crypto-regulation\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; EU commissioner calls for global coordination on crypto regulation &#8220; Mairead McGuinness, the commissioner for financial services, financial stability and capital markets union at the European Commission, is calling for global regulators to work together to address potential risks in the crypto market. In a Sunday opinion piece in political media outlet The Hill,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":440783,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDUvNzI3ZTkxNDYtMWNkZi00ZTQ0LTkxNjMtZjBhNDU2Y2IxMTg2LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74863,28340,72705,55229,70934],"class_list":["post-440782","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-cryptocurrencies","tag-europe","tag-european-union","tag-law","tag-regulation"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/440782","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=440782"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/440782\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/440783"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=440782"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=440782"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=440782"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}