TBW Premium #11: French banks protest against the digital euro, towards a "MiCA 2"...
Published on Jun 23, 2022
Read all about The Big Whale's 11th Premium newsletter.
23 June 2022
Hello Whales and welcome to the new kids who've just joined us in the Web3 deep end. Hold on tight, it's a bumpy ride at the moment! 🌊
THE BIG SPLASH
A MiCA 2 already?
The opportunity was probably too good. Questioned this week in the European Parliament about the crypto crash, the head of the European Central Bank, Christine Lagarde, explained that we should already be considering a... "MiCA 2". The aim of such a text? To go even further in regulating the sector and, why not, to provide a framework for decentralised finance projects.
While we can obviously understand the French leader's need to put some order into a sector that has grown like crazy (and where some have clearly done anything but, like Celsius), we can nevertheless question the timing. "MiCA 1, which is already a major project in the European Parliament, is a long way from being adopted. At best, it will come into force at the end of 2023.