“‘We do need to see other players also legislating … perhaps differently, but with the same objective. … We need to look at global regulation of crypto.’”
In an interview with the Financial Times, Mairead McGuinness, European commissioner for financial stability, financial services and the Capital Markets Union, said that regulating the crypto industry would need to be a global effort in order for it to be effective.
“There’s a lot of concern at a European level as to [what would happen] if crypto were not to be regulated,” McGuinness told the FT, adding that there “could be — in time, if it grows — financial-stability problems.”
